• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, June 25, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt Facilitates Process To End Gas Flare By 2025, Inaugurates 12-man Team

Nse Anthony-Uko by Nse Anthony-Uko
4 years ago
in Business
gas flaring
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has inaugurated a 12-member Flare Gas Commercialisation Programme Team to facilitate the federal government’s initiative aimed at ending gas flaring by 2025.

Chief executive of the commission Engr Gbenga Komolafe, speaking at the weekend, noted that gas flaring in the oil and gas industry has continued to be a menace which needs to be eradicated because of its adverse effect on the environment and the people, a signed statement indicated.

Komolafe stated that monetising gas resources is a positive step towards guaranteeing energy security, especially in the global energy transition period. He said as a nation, Nigeria must ensure that it harnesses all available gas resources for value creation.

He announced that NUPRC is recommencing the process of issuing flare sites to technically competent companies, following a competitive bid process.

This process has become crucial in view of the policy direction of the federal government to ensure all gas resources are developed for National development.

He stressed that the wasteful disposal of natural gas is not only fraught with serious health/environmental consequences but is also a major resource waste and value erosion to the country.

“Against this backdrop, the federal government declared the period 2021 to 2030 as the “Decade of Gas”, a period within which the nation must shift focus from oil-centred exploitation to gas-driven industrial development.

“Even though the World Bank has set 2030 as the target year to end gas flaring, Nigeria has not only set a country deadline for 2025, President Muhammadu Buhari made a commitment toward the Paris Agreement during the COP26 Leaders’ Summit to achieve Net Zero carbon emissions by 2060.

In 2016, the Federal Government initiated the Nigerian Gas Flare Commercialisation Programme (NGFCP) to end the flaring of natural gas by oil companies operating in the country.

Komolafe lamented that though the initiative was well-received by stakeholders and industry watchers, unforeseen constraints truncated its execution.

He revealed that the Commission is currently carrying out a study in conjunction with external technical resources to identify suitable flare sites for the auction process. It was for this purpose that the committee of staff of the Commission was inaugurated to drive the process and coordinate the implementation of the programme.

The steering committee members are K.O. Ofoegbu and O.I. Anyanechi; while A.T. Adeyiga, J.O. Ogunsola, J.C. Anyanwu, A.O. Okwah, O.E. Oje, N.E. Odega, K. R. Abisoye, J. C. Echendu, C. I. Chukwukaelo and G. L. Umoru from the programme team.

Komolafe urged the committee to carry out its mandate bearing in mind the over-arching significance of the programme to the socio-economic well-being of the nation.

RELATED NEWS

SDGs: Tax-to-GDP Ratio Still Too Low for Development – Federal Govt

Bank To Raise Funds For Classroom Construction In Northern Nigeria

African Family Businesses Defy Economic Headwinds, Post 66% Sales Growth – PwC

He appreciated the support from the USTDA, USAID and other stakeholders and reiterated the Commission’s commitment to ensuring that the programme is expeditiously executed.

The inauguration was witnessed by a delegation from USAID comprising Mr Oladiran Adesua, Jennifer Ifeanyi Okoro and Andrew Smith.

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Nigerians can invest ₦2.5million on premium domains and earn about ₦17-25Million. Earnings in USD. Rather than wonder, click here to find out how it works
Nse Anthony-Uko

Nse Anthony-Uko

Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria's financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.

OTHER NEWS UPDATES

New Tax Policy To Exempt 95% of Informal Sector — Oyedele
Business

SDGs: Tax-to-GDP Ratio Still Too Low for Development – Federal Govt

26 minutes ago
Access Bank Unveils Speakers For Africa Trade Conference
Business

Bank To Raise Funds For Classroom Construction In Northern Nigeria

26 minutes ago
PwC Recommits To Boosting Secondary School Kids’ Talent, Skills
Business

African Family Businesses Defy Economic Headwinds, Post 66% Sales Growth – PwC

31 minutes ago
Next Post
Gov Bagudu Commissions Sports, Recreational Centre, Kicks Against Drug Abuse

Gov Bagudu Commissions Sports, Recreational Centre, Kicks Against Drug Abuse

Advertisement

LATEST UPDATE

Edo Targets Jobs, Higher Revenue From Tourism

5 minutes ago

Imo PCRC Dedicates 90th Anti-Cultism Campaign To IGP

5 minutes ago

Nigerians, Not Presidential Aides, Will Decide 2027 Election Outcome – ADC Chieftian

7 minutes ago

Atiku Camp Faults Timing Of State Police, Alleges Links To 2027 Polls

9 minutes ago

Akwa Ibom Not Safe Haven For Illegal Migrants, Deputy Gov Tells UNHCR

10 minutes ago
Load More
Advertisement
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.