Nigeria Loses $3.5bn to Gas Flaring in Five Years

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Nigeria has lost an estimated $3.5 billion to gas flaring in five years between January 2014 to April 2019. The Gas flares were recorded in oil-producing states of Rivers, Kaduna, Imo, Edo, Delta, Bayelsa, Anambra, Akwa Ibom, and Abia.

This is even as the Carbon di Oxide (Co2) emissions reached 53.3 million tonnes, with an estimated power generation potential of 100. 3000 GWH within the period under review.

Information obtained by LEADERSHIP on Nigeria gas flare tracker website revealed that the expected penalties payable for gas flaring within the period under review rose to $2.0 billion.

Further findings indicated that 299.0 million Mscf flared over 62 months between 2014 to 2019 in Rivers state while 5.0 million Mscf flared over 23 months from 2014 to 2018 in Kaduna state.

It was also revealed that 37.1 million Mscf flared over 62 months between 2014 to 2019 in Imo state; 82.7 million Mscf flared over 62 months between 2014 to 2019 in Edo state; 349. 0 million Mscf flared over 62 months between 2014 and 2019 in Delta state while 170. 7 million Mscf flared over 62 months between 2014 and 2019 in Bayelsa state.

Added to this is the 858.6000 Mscf flared in Anambra state over 12 months between 2014 to 2015; while Akwa Ibom state flared over 25.8 million Mscf over 60 months between 2014 to 2019 even as 3.0 million Mscf flared over 34 months between 2014 to 2019 in Abia state.

Delta state recorded the highest flare at 349.0 million, followed by Rivers with 299.0 million and Bayelsa with 170.7 million flares.

In combating this, the United Kingdom government through its Department for International Development (DFID) handed over an improved version of gas flare tracker and oil spill monitor to the Nigerian Government.

The tracker and monitor which were fully funded by DFID are meant to reduce emissions and gas flare in oil-producing states particularly the Niger Delta region, was sourced from the US satellite agency.

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