By OpeOluwani Akintayo The Federal Government lost about N843bn to gas flaring between January 2022 and August 2023, data obtained from the National Oil Spill Detection and Response Agency has shown. NOSDRA, in its latest gas flare report, disclosed that oil and gas companies operating in the country, between January and August 2022, flared 147.1 billion SCF of gas, valued at $514.9m, about N390bn (using Central Bank of Nigeria’s current exchange rate of N757.5 to a dollar.).
Govt loses N847bn to gas flaring – NOSDRA
Govt loses N847bn to gas flaring – NOSDRA
Govt loses N847bn to gas flaring – NOSDRA
By OpeOluwani Akintayo The Federal Government lost about N843bn to gas flaring between January 2022 and August 2023, data obtained from the National Oil Spill Detection and Response Agency has shown. NOSDRA, in its latest gas flare report, disclosed that oil and gas companies operating in the country, between January and August 2022, flared 147.1 billion SCF of gas, valued at $514.9m, about N390bn (using Central Bank of Nigeria’s current exchange rate of N757.5 to a dollar.).