We don’t think that the election in Nigeria on Saturday will lead to a sudden improvement in crude oil production. The oil industry’s challenges in the country are too deep-seated. But the long-awaited Petroleum Industry Bill, passed in 2021, could at least put a floor under production this decade.
In view of the wider interest, we are also sending this Energy Update to clients of our Africa Economics service.
Africa Drop-In (23rd Feb): We’ll be discussing the key risks around Nigeria’s presidential election – including the prospects for its oil industry – in an online briefing at 09:00 EST/14:00 GMT Thursday, 23rd February. Register here.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services