Almost seven years after developing the Nigerian Gas Flare Commercialisation Programme (NGFCP), the Federal Government, yesterday, announced that 49 flare sites have been awarded to 42 investors.The aim of the programme is to save the environment and reduce impacts of routine gas flaring on people living in the oil-rich Niger Delta region while monetising resources.
The Guardian had reported that Nigerian National Petroleum Company Limited (NNPCL), Shell, ExxonMobil, Chevron, Total and other oil companies operating in the country flared about $3.9 billion (about N3 trillion) worth of gas in the last four years, amid growing environmental concerns and revenue leakages in the nation’s petroleum industry.
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