Connect with us

News

Nigeria Loses N264.427bn To Gas Flare In 10 Months

Published

on

Despite Nigeria’s dwindling revenue occasioned by massive oil theft, the country has continued to also suffer loss from its gas resources, as companies operating in the country’s petroleum industry flared 170.5 billion standard cubic feet (BSCF) of gas in 10 months, between January and October 2022, according to latest data from the National Oil Spill Detection and Response Agency (NOSDRA).

NOSDRA stated that the value of total gas flared in the ten-month period stood at $596.9 million. Going by the Central Bank of Nigeria’s (CBN) current official exchange rate of N443 to a dollar, this translates to a loss of N264.427 billion potential revenue to Nigeria.

Advertisement

NOSDRA also stated that the defaulting companies were liable to fines totaling $341.1 million, an equivalent of N151.107 billion, fines, which it said are sparingly paid by the defaulting companies. According to NOSDRA, the volume of gas flared in the ten-month period under review was equivalent to carbon dioxide emission of 9.1 million tonnes; and had power generation potential of 17,100 gigawatts hour (GWh).

Giving further breakdown of the volume of gas flared across oilfields, NOSDRA reported that companies operating in Nigeria’s offshore oil fields flared 86.8 billion standard cubic feet of gas valued at $303.9 million (N134.628 billion). It added that carbon dioxide emissions from the volume of gas flared offshore was 4.6 million tonnes; while its power generation potential was 8,700 gigawatts-hour of electricity.

Specifically, in January, February, March, April, May and June 2022, 10.83 billion standard cubic feet, BSCF, 13.09 BSCF, 6.003 BSCF, 14.85 BSCF, 12.58 BSCF and 4.81 BSCF of gas were flared, respectively; while 3.73 BSCF, 6.3 BSCF, 7.3 BSCF and 7.34 BSCF of gas were flared in July, August, September and October 2022, respectively. In addition, the agency stated that the companies who flared gas offshore were liable for fines of $173.6 million, an equivalent of N76.905 billion, for the volume of gas flared.

Advertisement

READ ALSO: 2023: Turning Point For Nigeria, Don’t Vote With Emotions – Obasanjo

On the other hand, companies operating onshore caused the country loss of $293 million, about N129.799 billion, and were liable for $167.4 million (N74.158 billion) fines, for flaring 83.7 BSCF of gas in the ten-month period, January to October 2022.

Some of the oilfields from which gas flaring was detected, according to NOSDRA are Oil Mining Leases (OML) 11, 13 and 14, operated by Shell Petroleum Development Company (SPDC); OML 63 and Oil Prospecting Licence (OPL) 316 and 209, operated by Nigeria Agip Oil Company (NAOC); OMLs 64 and 111, operated by Nigerian Petroleum Development Company (NPDC); OPL 209, operated by Esso Exploration and Production Nigeria Limited; OPL 216, operated by Famfa Oil Limited. Others are OML 49, operated by Chevron Petroleum Nigeria Limited; OML 70, Mobil Producing Nigeria; OMLs 100, 101 and 102, operated by Elf Petroleum Nigeria; and OML 86, operated by Texaco Overseas (Nigeria) Petroleum Company, among others.
VANGUARD

Advertisement

Advertisement
Comments

News

Cherryland, Unifield, Divine Pattern Schools Shine At ITV 2025 Quiz, Debate And Essay Competition

Published

on

Winners in the various categories.

By Joseph Ebi Kanjo, Benin 

Cherryland Royal School, Divine Pattern Schools, and Unifield International School, on Friday, 4th July, 2025 won the Independent Radio and Television 2025 Interschool Quiz, Debate and Essay Competition in their respective categories.

Advertisement

The Essay Competition, with the topic: ‘There has Been a Growing Incidence of Gambling Amongst Youth in Your Country. Write an Article Suitable for Publication in a National Newspaper Stating Three Probable Causes, and Suggesting how this Problem can be Cured,’ was won by Oghogho Triumph of Divine Pattern Schools, while Eczema Praise of Cherryland Royal School emerged winner in the debate category with the topic: ‘The Youths of Today Are More Interested in the Pursuit of Pleasure than in Academic Work.’

The quiz, which was competed by primary pupils from various schools was won by Victory Ighotomare of
Unifield International High School.

Winners in the various categories in group photograph with the management of ITV/Radio

Earlier, in his opening remarks, Chairman of the occasion and Deputy Chief of Staff to Edo State Government (office of the deputy governor), Hon. Pius Alile, while recalling his primary school days, pledged scholarship to university level for winners in the various categories.

READ ALSO: ITV/Radio Pre-independence Anniversary Lecture: Nigerians Must Take Control Of Electoral Process – Don

Advertisement

Alile urged the students and pupils to desist from social vices and face their studies, stressing that it’s through education that they can actualise their dreams in life.

In his short remarks, Managing Director, ITV/Radio, Engr. Elvis Obaseki, urged the students and pupils present at the event to face their studies, and above all be disciplined and well behaved.

He stressed that no matter how a student may be brilliant in life, such a student needs discipline to navigate through the journey of life, adding “no matter how intelligent you are, you must be well behaved and disciplined. This will take you far in life.”

Advertisement

The MD, who told the students and pupils that they cannot all be winners at the same time, said being present at the event, they are expected to take one or two lessons back home from the event.

READ ALSO: ITV Lauded For Grassroot Reportage 

Engr. Obaseki, who said “it’s not too good that none of our public schools are here,” promised, “next year, we will make everything humanly possible to bring our public schools so that the competition will be more interesting and fierce.”

Advertisement

Also speaking, Chairman, organising committee of the event, Dr. Sunny Duke, while expressing joy at the large turnout of schools in this year’s competition, thanked the management and staff of ITV/Radio for their support, and in particular the Esama of Benin Kingdom, Chief Gabriel Igbinedion for creating the platform (ITV/Radio) through which young ones can actualise their dreams.

He also thanked the chairman of the occasion, Hon. Alile for offering the winners in the various categories scholarship, stressing that it has been his prayer and wish.

Where I am today is because of the scholarship I won in JSS 2 back then. And today, that ambition and dream has been fulfilled with the scholarship for the winners of the quiz, debate and essay competition by Hon. Pius Alile, I’m overwhelmed,” Duke said.

Advertisement

The event was spiced up with dance competition amongst students and pupils, and on the other hand amongst teachers, and other side attractions.

Advertisement
Continue Reading

News

Ex-gov Ohakim, IGP, Others Win Fundamental Rights Suit

Published

on

 

In a judgment certified on 26th June 2025 and obtained by this reporter,

Advertisement

Hon. Justice Binta Mohammed of the High Court of the Federal Capital has dismissed a fundamental rights suit filed by one Lady Chinyere Lilian Amuchinwa on 4th May 2022 against six parties, including a former Governor of Imo State, Chief Ikedi Alaikum; and the Inspector-General of Police.

The judgment was certified on 26th June 2025 and obtained by newsmen

The suit stemmed from Lady Amechinwa’s claims that Dr Ikedi Ohakim and another party instigated the police to detain her at the Force Headquarters in Abuja in July 2021 over what was not stated in the suit.

Advertisement

Her claim is not unconnected with some unsubstantiated allegations she had earlier levelled against Ohakim , and for which the former Governor was exonerated.

READ ALSO:Ekiti Court Remands Man Over Alleged Threat To Life

The defendants, had in their replies, said the suit was devoid of cause of action and an abuse of the process of the court, “the suit having been filed after other similar suits were being pursued elsewhere by Lady Amuchinwa against Dr Ohakim.”

Advertisement

They cited the other suits as a fundamental rights suit in Imo High Court Owerri; an appeal at Owerri Division of court of appeal court; and charges filed at Federal High Court, Abuja, all of which the court noted were either dismissed or struck out against Lady Amuchinwa.

Delivering judgment on the suit Justice Mohammed held that: “From the unchallenged and uncontroverted evidence in this suit, it is established that the Applicant/Respondent, has commenced a multiplicity of action involving the same set of fact and the same persons therefore constituting an abuse of the judicial process. Therefore this issue is resolved in favour of the 1st 3rd and 4th Applicant/respondent as well as the 5th Respondents/Applicants.”

READ ALSO:Lawyer Asks Court To Void EFCC, NSCDC Acts

Advertisement

In conclusion the preliminary objection of the 1st 3rd 4th and 5th Respondents/Applicant succeeded accordingly, the suit filed by the Applicant/Respondent for Enforcement of Fundamental Right on 4/5/22 is hereby dismissed.

“The Applicant has failed to establish a cause of action against the 6th Respondent as nothing remotely connects him to the suit of the Applicant, his name is accordingly struck out from the suit.

“There will be no need to consider and determine the Applicant suit the preliminary objections to the suit having succeeded and the suit dismissed”, the Court ordered.

Advertisement

Continue Reading

News

Constitution Amendment: South-East Demands Rotational Presidency, Legislative Seats For Women

Published

on

The people of the South-East have demanded a constitution that allows for the rotation of the presidency and grants full autonomy to Local Governments in the country.

They requested the South-East Zonal Public Hearing on Review of the 1999 Constitution, organised by the Senate on Friday in Enugu.

Advertisement

Speaking during the exercise, Governor Peter Mbah of Enugu State noted that the concept of a rotational presidency was paramount to the Southeast.

The governor said the state believed that adopting a rotational presidency among the six geopolitical zones, this would provide every region, including the Southeast, a fair chance at the nation’s highest office.

\Mbah, represented by the Secretary to the Enugu State Government, Prof. Chidiebere Onyia, added that the idea would foster a greater sense of belonging and national unity.

Advertisement

READ ALSO:Former NBA Player Ben McLemore Convicted Of Raping Incapacitated Woman

Similarly, the governorship should rotate among senatorial zones, and legislative seats should be allocated among constituencies, ensuring broader representation and participation at all levels of governance.

To further enhance inclusivity, particularly for women, we propose legislative seats. We advocate for one additional Senate seat per state for women and two additional House of Representatives seats per state.

Advertisement

“As a state, we advocate for three additional assembly seats per state for women.

“This measure will significantly boost gender parity and ensure active participation of women in governance and in decision-making processes,” Mbah said.

The governor also called for the institutionalisation of Local Government Councils as a truly autonomous form of government team.

Advertisement

READ ALSO:Putin Says Will Speak With Trump On Phone Today

According to him, the current practice where state governors meant for local governments and appoint caretaker committees instead of elected representatives and hinder grassroots development.

We urge the committee to reinforce section1999 constitution to ensure the democratic existence of local governments, allowing them to directly access their funds from the national consolidated account,” Mbah said.

Advertisement

The governor equally called for legislative powers, enhancements, and fiscal reforms that would devolve more powers and resources to the states.

He stressed that the current concentration of power at the centre, a legacy of the military rule, had stifled the growth and development of sub-national entities.

A true federal system requires that states are autonomous entities with sufficient powers and resources to positively impact the lives of their citizens,” he concluded.

Advertisement

READ ALSO:Google Empowers Nigerian Newsrooms With Tools To Maximise Ad Revenue, Digital Innovation

On his part, Governor Francis Nwifuru of Ebonyi State called for the creation of an additional state in the Southeast to bring them on par with other geopolitical zones of the country.

Nwifuru, represented by the Speaker, Ebonyi State House of Assembly, Mr Moses Odunwa, also called a for women’s inclusiveness and reserved political seats for women.

Advertisement

If a particular seat has been designated for women, all the parties will feature women candidates to fill in the space,” he said.

The public hearing was attended by government officials, traditional rulers, NGOs, and civil society organisations.
(VANGUARD)

 

Advertisement

Continue Reading

Trending