The Federal Government has said it targets more than 100,000 direct and indirect jobs from the Nigerian Gas Flare Commercialisation Program, following permits granted to 42 companies under the Access Flare Gas initiative.
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, disclosed this during the Permit to Access Flare Gas ceremony for the 2022 NGFCP cycle on Friday in Abuja.
Komolafe said the initiative would also produce about 170,000 metric tonnes of liquefied petroleum gas annually, providing clean energy for roughly 1.4 million households, while unlocking nearly 3 gigawatts of power generation capacity.
He explained that 49 flare sites were auctioned, with 42 successful bidders now set to capture and commercialise between 250 and 300 million standard cubic feet of gas per day currently being flared.
“A total of 49 flare sites have been auctioned. Forty-two bidders have been awarded the sites.
“Between 250 and 300 million standard cubic feet of currently flared gas will be captured and commercialised, eliminating approximately six million tonnes of carbon dioxide (CO2) annually,” Komolafe said.
He added, “The programme is expected to attract up to US$2bn in investment. More than 100,000 direct and indirect jobs will be created.
About 170,000 metric tonnes of LPG will be produced annually, enabling clean energy access for approximately 1.4 million households. And nearly 3GW of power generation potential will be unlocked.”
(Punch)
