Nigeria research trip key takeaways

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On 18-21 July 2017, Wood Mackenzie visited the Nigerian capital Abuja, which is home to the Federal Government and the state-oil company NNPC. We had sessions over two days with NNPC and also met with a number of government institutions to understand progress on key issues and reforms affecting the oil, gas and power sectors, and the wider economy. Key themes NNPC transitioning to new funding upstream model They are firm their belief that the National Petroleum Fiscal Policy will eliminate 'gold-plating' Power sector continues to struggle, with load rejection by distribution companies an increasing issue Federal government deliberating the Power Sector Recovery Programme amid doubts over costs of subsidy Continuing efforts to improve governance in all areas of the economy The slide pack summarises the key takeaways from our research trip to Nigeria.

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