Meeting Nigeria’s Energy shortfall by Zero Flaring

Abstract

Gas flaring is one of Nigeria’s major environmental challenges like in most developing countries. Nigeria’s carbon footprint with respect to the emission of gases such as CO2, N2O, and the huge economic loss due to flaring has resulted in a colossal loss of financial resources. There is therefore a need to urgently address the negative impacts of gas flaring. In this paper, an attempt is made to quantify the financial losses resulting from flared gas and show how zero flaring can serve as a tool to mitigate Nigeria’s energy deficit. Finally, it is the view of the authors that Nigeria’s financial losses occasioned by gas flaring can become a source of power through a gas to power scheme and a source of revenue through a gas monetization scheme.