The Electricity Act, 2023 (the “Act”) was signed into law on the 8th day of June 2023 by the President of the Federal Republic of Nigeria.
Our lawyers in Nigeria are skilled at helping clients across energy and natural resources to take advantage of opportunities, overcome challenges and protect their interests.
We understand the technical, geographical, commercial and geopolitical factors that shape these industries in Nigeria and have first-hand access to contacts, sponsors and decision makers.
Our experience cuts across different services required and our clients receive coordinated, across-the-board coverage for all of their needs, including construction and projects, corporate, competition, regulatory, contractual, trading, litigation/arbitration, dispute resolution and tax issues.
Experience has included advising:
- Oando Plc/Oando Energy Resources on the issue of USD200 million convertible notes
- Oando Plc on SPA negotiation and implementation of the USD461 million Oando–Vitol/Helios downstream joint venture
- An oil and gas company on a USD450 million reserve based lending for an upstream oil and gas acquisition
- An oil and gas company on a USD350 million corporate facility for the acquisition of oil and gas assets
- A multinational company in several litigation disputes against various parties across several courts of record in Nigeria regarding an oil and gas project valued at USD300 million
Nigeria has enormous resources, most of which are yet to be fully exploited.
The African continent is home to a wealth of creative minds, efficient manpower and an abundance of natural resources. Yet, Africa is still regarded as one of the poorest continents in the world.
The African continent with a population exceeding one billion people and an estimated combined economy of US$1.5 trillion, presents huge opportunities for investors, developers and operators across the renewable energy sector.