Would you like to receive notifications on latest updates of the following headlines?

FG, NOSDRA to review oil firm’s plans on gas flaring

POSTED ON March 27, 2024 •   Business      BY Abiodun Saheed Omodara

The Minister of State for Environment, Dr Iziaq Salako, has said the ministry through the National Oil Spill Detection and Response Agency will be commencing periodic review of the plans of international and indigenous oil companies to ensure they are staying on course to end routine gas flaring by 2030. 

Salako said this in Abuja, on Tuesday.  during the national stakeholders engagement meeting on methane mitigation and reduction in Nigeria’s oil and gas sector. 

He said that the practical steps are being taken to address methane emissions in the country. 

“Collaborative efforts of government institutions have led to the development of methane guidelines.  

In addition, the Federal Ministry of Environment through the National Oil Spill Detection and Response Agency will  be commencing the periodic review of the plans of international and indigenous oil companies to ensure they stay on course to end routine gas flaring by latest 2030. 

“Furthermore, Nigeria is poised to embark on methane reduction projects that will enable Nigeria’s commitment to methane reduction and meeting net zero emissions by 2060. 
It is therefore reassuring to see initiatives such as the project methane mitigation and reduction in Nigeria’s oil and gas sector. 

The minister stated that President Bola Tinubu is committed to environmental sustainability and climate action in line with the multilateral environmental agreements that Nigeria is party to.


The Permanent Secretary of the ministry, Mahmud Kambari said it is necessary to address methane emissions in the oil and gas industry as the stakes and opportunities are high. 

Kambari said, “Let’s harness our collective expertise, innovation, and resources to drive sustainable development, foster economic growth, and enhance energy security in Nigeria and beyond.
“As we engage in today’s discussions, let us be guided with openness, and inclusivity. challenge assumptions, and explore creative solutions that align with the principles of equity, justice, and environmental integrity.” 

The Executive Director of the Africa Policy Research Institute, Dr Olumide Abimbola, in his remarks, noted that there is a need to address the pressing impacts of methane emissions on climate and environment.
Abimbola, who was represented by Mr Chibuikem Agbaegbu stated that methane, a potent greenhouse gas, poses a significant threat to both the health of our planet and the well-being of current and future generations. 

“Recognizing this urgent need, APRI, in close collaboration with the Department of Climate Change, Federal Ministry of Environment, has embarked on a crucial project focused on methane mitigation and reduction within Nigeria’s oil and gas sector. 

“This event marks a significant milestone in our collective efforts. It provides a platform for stakeholders from diverse sectors to come together, share insights, and chart a unified course towards sustainable methane mitigation and reduction in Nigeria. Through constructive dialogue and collaboration, we aim to identify challenges, explore opportunities, and pave the way for effective and sustained action,” he said.

READ ALSO
Shettima urges RMAFC members to uphold transparency, fairness
BY Abiodun Saheed Omodara April 29, 2025 0

AKWA IBOM, Nigeria - The federal government has called on members of the Revenue Mobilisation Alloca...

READ ALSO
CBN allows cash transactions for 2025 pilgrims to Mecca following VP intervention
BY Abiodun Saheed Omodara April 25, 2025 0

ABUJA, Nigeria - The Central Bank of Nigeria (CBN) has granted permission for the 2025 intending pil...

READ ALSO
IMF urges Nigeria to exercise fiscal caution amid economic reforms
BY Abiodun Saheed Omodara April 24, 2025 0

The International Monetary Fund (IMF) has called on Nigeria to exercise caution in its expenditures...

READ ALSO
FG urges IMF, World Bank to bolster economic reforms in sub-saharan Africa
BY Abiodun Saheed Omodara April 24, 2025 0

Finance Minister Wale Edun has emphasized the need for increased global assistance to reform economi...

READ ALSO
Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...

READ ALSO
Trade Wars Take Center Stage at IM ,World Bank Spring Meetings
BY Abiodun Saheed Omodara April 22, 2025 0

Global finance leaders are convening in Washington this week for the semi-annual meetings of the Int...

READ ALSO
Kano secures $10bn investment for renewable energy, minerals in partnership with Morocco
BY Abiodun Saheed Omodara April 21, 2025 0

KANO, Nigeria (NAN) - The government of Kano state has announced that it will secure more than $10 b...

READ ALSO
RMAFC, ALGON collaborate to strengthen LG financial autonomy
BY Abiodun Saheed Omodara April 18, 2025 0

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bell...

OUR CHANNELS:

6 Division of Nigerian Army Dismantles Illegal Oil Operations, Arrests Dozens of Suspects
BY Abiodun Saheed Omodara April 29, 2025 0

The 6 Division of the Nigerian Army has achieved notable progress in the fight against oil theft in...


Tragic cult attack claims four lives at beer parlour in Makurdi
BY Abiodun Saheed Omodara April 28, 2025 0

BENUE, Nigeria - The Police Command in Benue has verified the deaths of four individuals allegedly k...


FG secures $5.5bn private sector investment to transform health sector
BY Abiodun Saheed Omodara April 29, 2025 0

The Coordinating Minister of Health and Social Welfare, Professor Muhammad Pate, has announced a $5....


CIS president urges caution amid rising ponzi scheme threats
BY Abiodun Saheed Omodara April 28, 2025 0

The President and Chairman of the Council of the Chartered Institute of Stockbrokers (CIS), Oluropo...


Dismantling PDP threatens Nigeria's democracy- Lamido
BY Abiodun Saheed Omodara April 28, 2025 0

Former Governor of Jigawa State and prominent member of the People’s Democratic Party (PDP), S...


FG highlights growing cyber-slavery targeting Nigerian youth
BY Abiodun Saheed Omodara April 29, 2025 0

The federal government raised concerns on Sunday regarding the increasing threat of cyber-slavery in...


Nigeria to host 2026 forum of African defence, war colleges’ commandants
BY Abiodun Saheed Omodara April 29, 2025 0

ABUJA, Nigeria (NAN) - Nigeria has been selected to host the third installment of the Forum of Afric...


DSS operations yield 54 arrests, Gov. Sani commends Tinubu's appointment of Ajayi
BY Abiodun Saheed Omodara April 27, 2025 0

KADUNA, Nigeria - Kaduna Governor, Senator Uba Sani, has praised President Bola Tinubu for appointin...


Cyclist dies after collision with truck in Lagos
BY Abiodun Saheed Omodara April 27, 2025 0

LAGOS, Nigeria - The Lagos State Traffic Management Authority (LASTMA) announced on Sunday that a cy...


Nigeria accounts for 31% global malaria deaths
BY Abiodun Saheed Omodara April 27, 2025 0

Nigeria is responsible for 31 percent of global malaria fatalities and 27 percent of global cases, a...


More Articles

Load more...

Menu