Nigeria losing $25bn to gas flaring annually – Senate


The Senate says Nigeria is losing $25 billion annually due to gas flaring and lack of gas utilisation infrastructure.

Chairman, Senate Committee on Gas, Senator Bassey Akpan, disclosed this in Abuja at a one-day public hearing on the Gas Flaring Prohibition Bill 2017 organised by the committee.
He stated that as a result of unsustainable exploration and production practices as well as lack of gas utilisation infrastructure, a considerable volume of the gas produced in association with oil is flared.
He said: “This has reportedly costs Nigeria over $25bn annually as well as contributing to air pollution, heat, rainforest damage and climate change.
“In the more than 1,000 oil fields located across the country, the towering flames resulting from gas burning now seem to the local villagers as an inevitable consequence of oil production.”

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Joseph Afam (Local Contents and Partnership Editor) (070 3949 0464) Joseph Afam is a energy and finance journalist, who has years of experience in journalism, he started his journalism career in Nigeria’s top financial newspaper in Lagos. He’s a graduate of Economics and Finance from University of Ebonyi State, Nigeria He has won series of awards and regconitions Contact him for any editorial deals and advertorial issues on #,, Cell: 070 3949 0464


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