Exploration & Production

Nigeria needs $3.5 bln to end flaring by 2020

Nigeria will need $3.5 billion of investment to end flaring in the Niger Delta region by 2020
By Staff reporter 29 November 2018 0 33496

Nigeria will need $3.5 billion of investment to end flaring in the Niger Delta region by 2020, ThisDay reported Justice Derefaka, programme manager for the Nigerian Gas Flare Commercialization Programme (NGFCP), as saying.

The newspaper said the investment could bring annual returns of $1 billion, with Derefaka stating the money would bring “huge social and economic benefits […] to host communities in the Niger Delta, investors and the national economy as a whole”.

The NGFCP seeks to create a market for...