President of Nigerian Liquefied Petroleum Gas Association (NLPGA) has decried the huge loss of possible earnings due to gas flaring, urging the Federal Goverment to encourage more investment for gas utilisation.
Dayo Adesina who disclosed this during a press briefing to herald the fifth yearly conference of NLPGA in Lagos, said gas flaring has contributed to the loss of possible earnings of over $2.5b per annum, The Guardian reported.
He said the government needs to initiate a policy that would promote LPG business and enhance demand to cooking gas to save the environment.
Some days before, the Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, has said that only the availability of appropriate gas policy can end gas flaring in the country, according to Vanguard.
This came after France Ambassador for Climate Change (Africa), Stephane Gompertz, said that Nigerian government must caution all relevant authorities to drastically limit gas emissions because of its consequences on the environment.
Gas flaring in Nigeria has continued after many unrealisedd deadlines set by the federal government. According to Kachikwu, the NNPC had tried several options to curb the phenomenon but did not succeed due to certain limitations.