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Cost increases and uncertainty in Nigeria’s crucial energy sector could lead to a 35% decline in oil output over 10 years as companies delay investments in key oilfields, consultancy Wood Mackenzie said in new research published on Friday.

In findings shared exclusively with Reuters, the company warned that three deep offshore fields, which would generate $2.7 billion a year for the government at peak production, are likely to be delayed as companies put their money in regions with better and clearer terms.

“Nigeria is going to enter quite a steep decline in production,” said Lennert Koch, principal analyst of sub-Saharan Africa upstream with Wood Mackenzie. “In order to keep its revenue up…it needs to develop additional fields.”

Read our latest briefing published for the #UNGA With recommendations on: 1⃣ Peacekeeping operations in #Mali 2⃣ #Afghanistan's recovery under #Taliban rule 3⃣ The truce in #Yemen 4⃣ MONUSCO's impact in #DRCongo And more 👇 crisisgroup.org/b8-united-stat…

🇧🇫🇲🇱🇳🇪 A gold find in the Sahel region coincided with rising religious extremism, conflict & crime alongside artisanal gold #mining. Read our new report on policies, illicit financial flows (#IFFs) & links between conflict, crime, terrorism & #ASGM 👉 igfmining.org/announcement/i…

Nigeria has charted a path for its energy transition with the launch of its Energy Transition Plan. The plan will enable the country to reach #nrginetzero by 2060. What should citizens expect from the new development? Join us this evening on Twitter Spaces🕊

Launching today! #Vote4climate

Let's take positive Climate action! Mac Lincoln

Nigerian youths in Climate Action!! Engage the youths today! Mac Lincoln #COP27 Tito Climate Gabriel Okeowo @NigeriaFMYS Climate Action Oluwakemi Ann-Melody Areola

Centre for Transparency Advocacy (CTA) Centre For Transparency Advocacy (CTA) holds townhall meeting on CDA and Validation of scoping study on the impact of mining on the culture of the original inhabitants of the FCT! Mac Lincoln NEITI Nigeria PublishWhatYouPayNig

Hello Nigerians, We just launched the Tracka Mobile 2.0 app. Citizens can now view all the federal projects in a state, search & report specific projects in their community, and view monthly federal allocations to their LGA. There’s more Our Press Statement: Thread!

Peace Edem Partners for Peace in the Niger Delta PIND Foundation Amaclare Connect Efio-Ita Nyok Ph.D YOUTH FOR CHANGE INITIATIVE African Union Political Affairs Peace and Security Peaceworld Educational Foundation PeaceFront Youth omaottih Amb. Prince D. Ebilade Ukeme Anwan You can talk about peace with justice. Peace without justice is war waiting to happen.

The world is not on track for a climate safe future but there is a path forward. I just sent a letter to the #G20 leaders and asked them to #FollowTheMoney. Most importantly, these policies must be rooted in human rights and gender justice. nwmd.io/s/twitter/ZxQ0…

I noticed that we have been admitting a lot of patients with Kidney diseases Shocking is that most are Young. Less than 40 years I tried to do a detailed list of some top kidney destroyers I noticed and how to prevent Please share and read if you see this Thanks

Here is a follow up thread I made on the realities and burden people who have kidney diseases and require dialysis go through in Nigeria A worthy read x.com/the_beardedsin…

The report will provide a detailed breakdown of projects tracked between June 2021 & July 2022 and key issues that concerns public project delivery in Nigeria. 2/2 Register here to attend: forms.gle/Cz6kCjGAm5m8Jb…

For Passport Application: passport.immigration.gov.ng For Tracking of Passport Applications: track.immigration.gov.ng

ATTENTION: This is the link to the list of UNCOLLECTED PASSPORTS scattered across all our Passport Centres. You may want to use the Search Bar on the page to search for your name(s). immigration.gov.ng/uncollected-pa…

Did you know? Oil and gas companies flared 19.14 billion and 14.04 billion SCF of gas in January and February 202, respectively, contributing 1.3 million tonnes of carbon dioxide emissions. #NaOurOilMoney

Did you know? In order to meet the gas production and utilization of 2030 as stipulated by the "Decade of Gas" initiative, and investment of USD 9 billion in priority pipeline infrastructure is required with about USD 1.5 billion be funded by the government #NaOurOilMoney