Energy Security And The Petroleum Industry Act 2021

Dr. Ngozi Chinwa Ole¹

Introduction

From relying on coal energy for food preparation during the ancient times to employing hydrocarbon and hydrogen to fuel cars and provide electricity to meet household and industrial needs in the 21^st century, energy has remained a constant feature of economic growth and social welfare, contributing significantly to poverty reduction, improved quality of life, and national security.² Energy influences many aspects of human life, including nutrition, health, education, technology, transportation, and communication.³ It is therefore not surprising that at the foundation of strong economies lies a consistent, affordable, sustainable, and available energy supply, which catalyses economic growth.