On Tuesday, February 6, 2024, an agreement was signed between Nigeria's state-owned oil company (NNPC Ltd) and the audit, financial and risk consultancy firm Deloitte. The aim is to reduce greenhouse gas emissions associated with OML 34

The agreement was signed during a three-day workshop in Abuja. During this meeting, stakeholders discussed the key areas of the initiative. They placed particular emphasis on delineating the scope, establishing a baseline for methane and carbon emissions, collecting data, and aligning with NNPC operations. In reality, Nigeria is committed to the decarbonization of its oil industry. He has thus committed to a 20% reduction in emissions by 2030. The country has also established a legal framework introducing a carbon budgeting system whose ambition is to achieve net-zero emissions by 2060