Amid a nationwide energy crisis, Nigeria finds itself grappling with a peculiar irony as gas meant to alleviate power shortages is instead being wasted through flaring, leaving hundreds of thousands of homes without electricity.
Natural gas estimated at $205.7 million and capable of powering four million households was flared in Nigeria in the first two months of 2024, BusinessDay reports.
Data obtained from the Nigerian gas flare tracker of the National Oil Spill Detection and Response Agency (NOSDRA), showed the country flared about 58.8 million standard cubic feet (Mscf) in the first two months of this year with a power generation potential of 4.04 thousand megawatts (MW).… Read the rest
Nigeria now produces crude oil from over 246 fields across the country and operates 188 production stations/platforms, the Federal Government has stated.
Data obtained in Abuja on Friday from the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government, indicated that Nigeria’s oil-producing fields had been on the rise since the first commercial oil discovery in the country by Shell Darcy at Oloibiri, Bayelsa State, in 1956.… Read the rest