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According to the Nigerian constitution, all minerals, gas, and oil the country possesses are legally the property of the Nigerian Federal Government. The revenue gained by the NNPC accounts for 76% of federal government revenue [16] and 40% of the entire country's GDP. As of 2000, oil and gas exports account for 98% of Nigerian export earnings ...
It monitors the oil and gas industry to ensure compliance with relevant regulations and laws. [1] It also oversees the safety and other regulations that relate to the exportation and importation of the products into the country. [2] As part of its activities, the department manages the upstream and downstream sectors in Nigeria petroleum ...
In 1971, the Nigerian National Oil Corporation (NNOC) was created to handle direct commercial operational activities in the oil industry on behalf of the Federal Government. [4] However, the Department of Petroleum Resources in the Federal Ministry of Mines and Power continued to exercise statutory supervision and control of the industry. In ...
The most productive region of the nation is the coastal Niger Delta Basin in the Niger Delta or "South-south" region, which encompasses 78 of the 159 oil fields. Most of Nigeria's oil fields are small and scattered, and in 1990, these small unproductive fields accounted for 62.1% of all Nigerian production.
Cocoa Research Institute of Nigeria (CRIN) National Agricultural Extension, Research and Liaison Services (NAERLS) National Veterinary Research Institute (NVRI) Nigerian Agricultural Insurance Corporation (NAIC) National Root Crops Research Institute (NCRI) Agricultural Research Council of Nigeria
Dr.Jumoke Oduwole is the current Minister of Industry, Trade and Investment, appointed by Nigerian president Bola Tinubu in 2024, While Senator John Owan Enoh serves as the Minister of State for Industry, Federal Ministry of Industry, Trade and Investment. , [2] [3]
The Nigerian Gas Association is the professional body responsible for the promotion and protection of the interests of the gas industry in Nigeria. Formed in 1999, the NGA's initial membership came from the primary gas production and utilization companies in Nigeria.
ExxonMobil has offshore oil production in Nigeria, and is the country's second largest crude oil producer. [1] Mobil Producing Nigeria (MPN) began shallow water operations in 1955, and owns over 90 platforms and 300 producing wells covering 3,200 square kilometres (1,200 sq mi; 790,000 acres). [2] ExxonMobil also has deepwater production in ...