The Federal Government, through the Department of the Petroleum Resources (DPR) has declared that the efforts made in curtailing gas flaring had started paying off, indicated by the 3% decrease from 12%.
The Director of the DPR, Mr. Modecai Ladan stated that the decrease was accomplished because indigenous companies had started utilizing the gas for their needs. The petroleum regulatory agency is working on various avenues, both industrially and domesticated to carry out business that will further reduce gas flaring.
Several industry stakeholders have also stated that the energy industry is fostering an enabling environment that will support external investments as a foundation towards industrialization in the country. Industrialization efforts that will span from Agriculture all the way to Petrochemicals.
Currently the Nigerian National Petroleum Corporation (NNPC) is working hand 0n hand with the government on its finances in order to establish infrastructure that will utilize gas, thereby creating an attractive environment for investors.
The Petroleum industry bill as well as other industry associations such as the NationalNigerian Liquefied Natural Gas(NLNG) and the Nigerian Gas Association (NGA) have been cited as instrumental in bringing these initiatives to fruition.
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