Abstract
In view of Nigeria's limited reserves of oil and the high growth rate of oil consumption, and in the wake of the developments in the world oil market since 1981 which have resulted in a drastic shortfall in Nigeria's revenues, the main objective of this article is to highlight some important issues that would spur policymakers towards improved energy planning and increased energy investment in Nigeria so as to assist her in the rationalization of the energy production-mix and consumption, as well as in earning increased revenues from her oil and gas resources. Policymakers in Nigeria are called upon to put an end to further procrastination concerning the LNG investment project so that the bulk of the country's gas, which is presently being flared, can be re-injected, consumed locally and exported to supplement dwindling oil revenues.
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