Nigeria oil licence applicants must prove low carbon emissions,

1/1/2025 7:01

Nigeria will require applicants for oil licences and permits to show evidence of low carbon emissions and a renewable energy program from Wednesday before approvals are granted, the head of its upstream regulatory agency said on Tuesday.



Gbenga Komolafe, chief executive of the Nigerian Upstream Petroleum Regulatory Commission, said the policy was to comply with the country's goal of net zero carbon emissions by 2060.



It issued a template, called the Upstream Petroleum Decarbonisation Template (UPDT), to guide applicants.



Komolafe said enforcement will start from Jan. 1, 2025, and will cover all approvals in the upstream sector including divestments.