All Africa: Nigeria - Group Urges Govt to Recover U.S.$4.1 Billion Penalty for Gas Flaring

With global environmental concerns mounting in the Niger Delta region over oil pollution, a new study has called for the recovery of the $4.1billion gas flare outstanding penalty from oil firms, identified by the Nuhu Ribadu led Petroleum Revenue Special Task Force.

In the study by Centre for Social Justice (CSJ), the special task force had noted that "Nigeria flares about 1.2billion cubic feet (bcf/d) of gas a day, which could fuel about; 7000MW of efficient thermal electric power, over 1,400 agro processing facilities, 350 textile plants, 70 fertilizer plants with opportunities for creating over one million jobs. This amount of gas flare represents 12.5per cent of all globally flared gas, which is 68 percent of the associated gas produced or 51 per cent of the total gas production.

Read the full article HERE.