Hampered gas investments resulting from oil companies' recorded deficit have deprived Nigeria of 40,000 MW of electricity generated from natural gas reserves.
Nigeria's Oil Minister, Emmanuel Ibe Kachikwu, has been ousted from his position and appointed as the Group Managing Director of state oil company NNPC.
Nigeria's oil production increased from 1.6m b/d to about 1.9m b/d after a week had passed since pipeline attack had taken place and repairs were made.
The West African Gas Pipeline Company (Wapco) said it had suspended the flow of gas from Nigeria to Ghana over unpaid bills by the Ghanaian government.
The Organisation of Petroleum Exporting Countries has urged Nigeria to sustain its ongoing energy reforms in order to succeed in transforming the country.