ESTABLISHMENT OF THE NATIONAL COUNCIL ON HYDROCARBONS

What Is This Policy?

The establishment of a national council to coordinate policy and decision-making on hydrocarbon resources (oil and gas) in Nigeria.

Who Does It Target?

Oil and gas industry stakeholders, government agencies, international oil companies, and host communities.

What Does It Aim to Achieve?

Improve coordination of hydrocarbon policy, optimize resource management, and ensure Nigeria maximizes benefits from its oil and gas resources.

Key Features

Policy Coordination: Centralizes hydrocarbon policy decision-making. Resource Optimization: Promotes efficient management of oil and gas resources. Stakeholder Engagement: Brings together government, industry, and community stakeholders.

Current Status

Rollout Stage: Established. Coverage: All hydrocarbon operations in Nigeria. Funding: Federal government budget.

How to Access

Industry stakeholders engage through the Council and the Ministry of Petroleum Resources. Engage through the Ministry of Petroleum Resources Participate in industry consultations

Impact & Metrics

Improves governance of Nigeria's oil and gas sector.

Official Resources

Website: petroleumresources.gov.ng Contact: Federal Ministry of Petroleum Resources, Abuja

Legal Framework

Established under the authority of the Federal Ministry of Petroleum Resources pursuant to the Petroleum Industry Act (PIA) 2021, which is the principal statute governing Nigeria's hydrocarbon sector. The council coordinates policy and decision-making consistent with the PIA governance provisions. Operates alongside the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Act, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Act, and the NNPC Limited Act.