Nigeria lost at least 94 billion naira to gas flaring between July and August 2016.
That is according to a monthly report from the Nigerian National Petroleum Corporation (NNPC) which shows that oil and gas companies flared a total of 87.03 billion standard cubic feet of natural gas within that period.
A breakdown of the figures show that out of the 215.43 billion standard cubic feet of gas produced in October, a total of 121.63 billion was commercialised.
The gas flare rate in the month was 10.49%, compared with the average flare rate of 9.36% for the period of November 2015 to October 2016.
The Ministry of Petroleum Resources, in its recent draft National Gas Policy described gas flaring as one of the most egregious environmental and energy waste practices in the Nigerian petroleum industry.
The ministry revealed that the government would maximise utilisation of associated gas to be treated for supply to power generation or industry.
“To ensure that flared gas is put to use in markets, the government will take measures to ensure that flare capture and utilisation projects are developed and will work collaboratively with industry, development partners, providers of flare-capture technologies and third-party investors to this end,” it stated.
The Executive Director of Grassroots Watch, Adeola Soetan has said that the irresponsibility of the Federal Government was what caused the series of industrial actions in Nigeria.
Mr Soetan, who was a guest on Channels Television’s programme, Sunrise Daily, said that strikes by workers or union is recognised legitimately all over the world and that no labour leader will take the action as an option of first choice.
Though the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) just called off a three-day warning strike several other employee of the government including teachers in the Universities and Polytechnics have down tools owing to unresolved disagreements.
Mr Soetan said for any union to embark on a strike, it simply shows the irresponsibility on the part of its employer because the action is not something easy to plan.
He said other options would have been considered to reach a compromise with the government, hence his reason for hinting that no labour leader would resort to strike action as an option of first choice.
He said, “It shows total irresponsibility on the part of government, because strike is not easy to plan, it’s not a child’s play.
“For any labour leader, they want an option of least cost because to plan a strike action, you hold meetings, organise campaigns, meet up with management and government, you also have to get support and legitimacy from all you councils at different levels.”