ABOUT THE DEPARTMENT

The course on Petroleum Economics and Policy Studies provides an opportunity to train future professionals who will manage the rich oil and gas resources of the country. One of the key challenges facing the country is how to manage its huge endowment of petroleum and gas resources and use it for the development of the economy. Petroleum is an international commodity, and the exploration and production processes are usually undertaken in a multicultural environment. Petroleum is also one of the energy sources, and its interrelationships with other energy sources, renewable and non-renewable, are very important in making optimal energy policy decisions. This course will therefore provide an ample opportunity to train future managers of the industry, who will be competitive and able to work in a multicultural environment.

PHILOSOPHY OF THE DEPARTMENT

The B.Sc. programme in Petroleum Economics and Policy Studies is dedicated to the training of highly qualified and competent professionals who are well grounded in the fundamentals of the course in theories and practices which shape and explain the connectivity between petroleum resources and national and international development. The programme ensures that students have understanding in best practices in the petroleum sector (upstream, midstream, and downstream) from economic and policy perspectives. Overall, the course will provide in-depth training to students to enable them to develop a commanding skill-set in petroleum economics and management.

MISSION OF THE DEPARTMENT

Driving Sustainable Development

Through Energy Economics.

VISION OF THE DEPARTMENT

Empowering a sustainable future

through informed Energy Economics,  

innovations, and policy solutions

that balance economics growth, social

equity, and environmental stewarding ship

OBJECTIVES

The aim of the programme is to train and produce qualified graduates who are equipped with relevant skills, knowledge and attitudes required for the management of the ever-changing needs of the oil and gas and allied sectors.

The specific objectives of the programme in Petroleum Economics & Policy Studies are to:

1. ​produce graduates that can use knowledge gained and techniques acquired to address the management of (both human and capital) in the oil and gas industry.
2. ​train students to grasp the theories and methods of petroleum economics and obtain the capability of assessing the economic attractiveness of upstream investments in the face of high stakes decisions in uncertain environments.
3. ​help students to acquire necessary skills that are relevant for careers in the Nigerian and global petroleum industry.
4. ​train students that are internationally minded and capable of teamwork in international

CONTEXT.

5. ​produce graduates that can evaluate and plan for the management of petroleum assets in a sustainable manner.
6. ​train professionals who can design, monitor, and evaluate policy instruments to improve the operations of the petroleum industry as well as the linkage with the Nigerian economy; and
7. ​train professionals that can exercise original thought, have good professional judgement, and take responsibility for the direction of the petroleum industry.

CORE OBJECTIVES

• Transforming the energy landscape through

cutting-edge economics and policy analysis.

• Accelerating the transition of energy mix

through collaborative efforts.

• Balanced economic, environmental,

and socio-political consideration.