Scribd
Upload
28 views3 pages

The Future of Nigeri2

Uploaded by

tamunomama269
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
28 views3 pages

The Future of Nigeri2

Uploaded by

tamunomama269
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

The Future of Nigeria’s Oil and Gas Industry: Balancing Traditional and Renewable

Energy Sources

Nigeria is a remarkable country with many good qualities that make it stand out. It is a God-felt

nation blessed with many natural resources such as columbite, coal, bitumen, barite, oil, and so

on, one of the most important is “oil”. For many years, oil has been a key part of Nigeria's

economy, providing a living i.e. jobs, income, and energy. But as it stands, the world is evolving

and changing, and people are realizing the importance of renewable energy sources. The essay

will discuss the future of Nigeria’s oil and gas industry and how we can balance traditional fossil

fuels with renewable energy sources.

Oil was first discovered in Nigeria in 1956 in a place called “Oloibiri”, (also known as fossil

fuels but in the liquid state) and since then, it has played a huge role in the country’s

development. Nigeria is one of the largest oil producers in Africa, and oil exports bring in a lot of

money for the country. This money is used to build roads, schools, and hospitals, and to pay for

other important services. Ever since oil was discovered, it has played a huge role in reducing the

rate of unemployment in Nigeria as many people work in oil fields, refineries, and offices related

to the oil industries such as the Nigerian National Petroleum Corporation (NNPC), Department

of Petroleum Resources (DPR), Nigeria Content Development and Monitoring Board (NCDMB),

etc. this means that many families depend on the oil industry for their livelihood.

Although “oil” is crucial to Nigeria, the oil industry still faces some challenges, one of which is

very prominent is “oil theft” also known as oil bunkering, this is when people steal oil from the

pipelines, which causes a lot of loss of lives and property and damage to the pipelines and the

environment. This stolen oil is sometimes sold illegally, meaning the government and the

companies lose money. Another problem is environmental damage, oil spills can harm the land
ADAWARI tamuno 1
and the water, making it difficult for people to farm and fish. This can lead to health problems for

people living in the affected areas as many of them find it hard to fend for themselves due to a

lack of resources. Cleaning up oil spills is very expensive and takes a long time, during that time

the country loses some valuable materials such as “fish” which would have been good for the

country’s export services. Also, the price of oil can go up and down a lot. When the price is high,

the nation makes a lot of money but when the price is low, it can cause economic problems. This

makes it hard to plan for the future.

Renewable energy comes from sources that do not run out, like the sun, wind, and water. These

sources are better for the environment because they do not cause pollution. Nigeria has a lot of

potential for renewable energy, especially solar power because it is a sunny country. Using

renewable energy can reduce the problems caused by oil and gas such as oil spills, oil theft, etc.

For example, solar power does not produce harmful chemicals or cause spills and nobody can

successfully steal the sun himself as he would want to steal the oil from the pipelines. It is also

cheaper in the long run because it is a natural occurrence (God’s gift to man) and does not run

out.

For Nigeria to have a stable and sustainable energy future, she has to embrace the future while

still holding on to the past. When trying to maintain stability we must use both traditional fossil

fuels and renewable energy sources. This means we need to find a way to balance the two. I

believe one way to do it is by investing in renewable energy projects while still maintaining our

oil and gas infrastructure. The government and companies can build solar farms and wind

turbines to generate electricity. At the same time, they can continue to produce oil and gas to

meet current energy needs. When we combine both ideas, this will help to balance the economy.

Another way is to educate people about the benefits of renewable energy. Schools can teach

ADAWARI tamuno 2
students about solar and wind power, and communities can learn how to use these technologies

in their homes and businesses.

Finally, the future of Nigeria’s oil industry depends on balancing traditional fossil fuels with

renewable energy sources. While oil will continue to be important for many years, renewable

energy will do the same, investing in both types of energy and educating people about their

benefits, Nigeria’s stable energy future is assured for everyone.

ADAWARI tamuno 3

You might also like