Despite government efforts to curb the practice, Nigeria lost 9,900 gigawatts per hour of potential power generation due to gas flaring in the first quarter of 2025. This represents a 16 percent increase compared to the same period in 2024, according to the National Oil Spill Detection and Response Agency.
The monetary value of the 98.8 million standard cubic feet of flared gas during this period totaled $345.9 million, with defaulting companies liable for fines amounting to $197.7 million (about ₦318.3 billion). The volume of gas flared was equivalent to 1.6 million tonnes of carbon dioxide emissions.
Despite these concerning figures, Gbenga Komolafe, CEO of the Nigerian Upstream Petroleum Regulatory Commission, remains optimistic about the nation’s gas flare commercialization program, which he says has the potential to unlock $2.5 billion in investments while creating significant employment opportunities.
Source: vanguardngr.com
