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The Energy Charter Secretariat participates in the second day of the National Energy Summit of Nigeria 2022

On 6 July 2022, the Energy Commission of Nigeria (ECN) and the Energy Charter Secretariat (ECS) opened the second day of the National Energy Summit of Nigeria. The audience observed a minute of silence to pay tribute to Mr Mohammed Sanusi Barkindo, the former Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), who passed away on 5 July 2022. Recognising Mr Barkindo as an inspiring figure, the Secretary-General of the ECS, Mr Guy Lentz, expressed his deep regret and paid respects to the many achievements of Mr Barkindo in the energy sector.  

During the first plenary session of the day, moderated by Secretary-General Lentz, the ECS staff discussed with national stakeholders the accession path of Nigeria and ECOWAS Member Countries to the Energy Charter Treaty (ECT). Dr Hava Yurttagül of the ECS provided stakeholders with information on the ECT's background, objectives, governing bodies and modernisation process. This was followed by the ECN's presentation of the ECT accession reports on energy efficiency, investment, and harmonisation of laws. Dr Monica Emmanuel of the ECS then explained the ECT accession process and updated stakeholders on Nigeria's progress in this respect. After that, Mr Dabire Bayaornibe, Director of Energy at the Economic Community of West African States (ECOWAS) Commission, made a brief statement about the ongoing collaboration between the ECN, the ECS and the ECOWAS Commission.

In the final presentation of this plenary, Ms Ishita Pant of the ECS presented to stakeholders the key findings and recommendations of Nigeria's Energy Investment Risk Assessment (EIRA) Extended Profile 2020 and 2021. She discussed Nigeria's policy planning for the energy sector until 2050, the complementarities between the country's ongoing international investment agreement reform and the ECT modernisation process, and measures needed to achieve Nigeria's social, economic and climate change goals.

The last two plenary sessions of the day focused on the energy transition of Nigeria's oil and gas industry and achieving net-zero emissions by 2060. The discussants included the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian National Petroleum Corporation.