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The paper reviews environmental policies and strategies in the Nigerian oil and gas industry sector, assessing its efficiency, challenges and prospects. Essentially, the study established that the Environmental Policies and Strategies of Nigeria Oil and Gas Industry have impacted positively on the Nigerian environment over the years, especially in the area of awareness creation for all stake-holders. In terms of challenges, inefficiency of the regulators due to inadequacy of logistics, poordoi:10.4236/nr.2014.514076 fatcat:c3tcwt3z2za2dgd45gihor3lhq