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ANALYSIS: As Nigeria continues to miss gas flaring deadlines, huge revenue is lost In 2020 alone, natural gas valued at $1.24 billion was burned by oil companies, one which could generate the annual electricity use of 804 million Nigerian citizens. 5 min read Since 1979, Nigeria has missed out on ending gas flaring on at least seven occasions. The country is now targetting 2025 to end the environmentally unfriendly, health-damaging and resource-losing act. Each time Nigeria misses out on the deadlines set to harness gas belching from its oil fields, it loses revenue and an opportunity to ramp up power generation. Experts believe the gas Nigeria flares on its oil fields could be a huge revenue trove worth billions of dollars if well harnessed for use as liquefied natural gas or for plastics or fertilizers.

United statesTimipre sylvaInternational oil companies iocsPremium times centre for investigative journalismNational gas expansion programmePetroleum revenue special taskPt mag campaignWorld bankNigerian gas flare commercialization programmeWorld bank global gas flare reduction partnershipExtractives programmeNigerian gas flare commercialisation programmeGas flaring trackerAssociated gas re injection actNigeria gas masterGlobal gas flare reduction partnership