What gas flaring costs Nigeria annually- Expert

An energy expert, Chinedu Onyeizu, says Nigeria has been burning off its natural gas at flair points and despite efforts by successive administrations to curtail the waste, the country loses an estimated $2.5bn each year to gas flaring.

Speaking on Sunday, Onyeizu, who is the CEO of AfriPERA, an Energy and Infrastructure Policy research organization, said the country’s natural reserves was the 7th largest in the world and the largest in Africa, adding that it was estimated that Nigeria had over 187 trillion cubic feet(tcf) of proven natural gas in reserves.

He said that apart from the fact that it would address the challenges of environmental pollution that come with open air green gas emission and flaring as practiced in many communities in Nigeria.

According to him, it also had the capacity to trigger an industrial revolution across the country.

“Don’t forget, every country passes through an economic ladder that starts from Agricultural and food revolution, followed by industrial revolution before technological, computing and Artificial Intelligence revolution.

“Therefore, visionary projects like the AKK or the Trans-Nigeria Gas pipeline projects can act as the required enabler to industrial revolution in Nigeria,’’ he said .

Onyeizu, who was an All Progressives Congress (APC) senatorial aspirant advised the Federal government to further segment the scope of the project and allow for simultaneous operations.

This, he said, would enable many competent players around the world bid and participate in the installation of the gas pipelines.

“If well planned, a network of gas pipelines that deliver high pressure gas across the country for industrial use could be commissioned in less than 2 years.’’

He added that the AKK project no doubt had both direct and indirect employment benefits that could be offered to the people of Nigeria.

He said that it would give room for unskilled and skilled labours to thrive because during the construction and installation stages, local people would be recruited to help lay the pipelines.

Onyeizu noted that during commissioning, local experts would also be engaged to work with the counterpart expatriates to see that it started running as planned.

He said the project had the potential to grow the country’s Gross Domestic Product (GDP), when companies or industries operating in the country plug into the gas network to power their factories and businesses.