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 •   VIEWS 157

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.

RECOMMENDED FOR YOU
IMF pledges support for Tinubu's reforms
BY Abiodun Saheed Omodara November 21, 2024 0

The President of the International Monetary Fund (IMF), Kristalina Georgieva has expressed strong ba...

RECOMMENDED FOR YOU
Amazon Shares Show Resilience Amid Market Fluctuations
BY Suleiman Kelvin Jimoh November 21, 2024 0

Amazon.com Inc (AMZN) has demonstrated a remarkable rebound in the stock market, showing a year-to-d...

RECOMMENDED FOR YOU
Gombe gov presents N320bn 2025 budget to assembly
BY Abiodun Saheed Omodara November 20, 2024 0

Gombe State Governor, Muhammadu Yahaya, presented a proposed budget of N320.11 billion for the 2025...

RECOMMENDED FOR YOU
NNPCL: Coalition group vows protest, says 1.6bn litres PMS will cripple economy
BY Benedicta Bassey November 20, 2024 0

NIGERIA—Following the decision by the Nigeria National Petroleum Company Limited (NNPCL), to i...

RECOMMENDED FOR YOU
FG reviews housing budget to N500bn for 2025
BY Benedicta Bassey November 19, 2024 0

NIGERIA —The Federal Government on Tuesday said it is reviewing it's annual housing budget to...

RECOMMENDED FOR YOU
Naira appreciates, hit N1,735/$ in parallel market
BY Benedicta Bassey November 19, 2024 0

The Naira appreciated to N1,735 per dollar in the parallel market from N1,740 per dollar last weeken...

RECOMMENDED FOR YOU
Tinubu, India PM sign pacts to foster collaboration in defence, economy
BY Benedicta Bassey November 18, 2024 0

NIGERIA — Nigeria and India have entered into partnership to foster collaboration in  def...

RECOMMENDED FOR YOU
UK regular pay growth slows, offering Bank of England hope for easing inflation pressures
BY ROCKETPARROT.com staff November 12, 2024 0

LONDON, Nov. 12 – British wage growth excluding bonuses hit a two-year low in the third quarte...

OUR CHANNELS:

OTHER ARTICLES ::

25th November, 2024
Probe humanitarian ministry's missing N57bn, SERAP tells Tinubu
BY Benedicta Bassey November 25, 2024 0

NIGERIA — The Socio-Economic Rights and Accountability Project has called on President Bo...


Lagos Govt extols S’Court verdict, nullifying National Lottery Act
BY Benedicta Bassey November 25, 2024 0

LAGOS, Nigeria  — The Lagos State Government has hailed the Supreme Court judgm...


A’Ibom suspends principal, begins probe over poor meal in boarding schools
BY Benedicta Bassey November 25, 2024 0

AKWA IBOM, Nigeria  — The Akwa Ibom State government has suspended the principal of...


NAFDAC warns against unsafe antibiotics use in animals, humans
BY Benedicta Bassey November 25, 2024 0

NIGERIA  — The Director-General, National Agency for Food and Drug Administration an...


Top doctors halt strike action to review FG's response
BY Benedicta Bassey November 25, 2024 0

NIGERIA — The Medical and Dental Consultants’ Association of Nigeria (MDCAN) has suspend...


Tinubu eyes livestock sector reform, investment to curb farmer-herder clashes
BY Abiodun Saheed Omodara November 25, 2024 0

President Bola Tinubu has reaffirmed his administration’s commitment to resolving the farmer-h...


Katsina Govt. applauds  NAF  strike against bandits, vows to sustain regional stability
BY Abiodun Saheed Omodara November 25, 2024 0

KATSINA – The Katsina State Government has commended the Nigerian Air Force (NAF) for successf...


Breaking : Supreme court voids National Lottery Act
BY Abiodun Saheed Omodara November 25, 2024 0

The Supreme Court, on Friday, nullified the National Lottery Act 2005 enacted by the National Assemb...


ECB's renews integration call as trade war looms
BY Abiodun Saheed Omodara November 25, 2024 0

European Central Bank, President Christine Lagarde renewed her call for economic integration across...


China expands Visa-free entry to more countries to boost economy
BY Abiodun Saheed Omodara November 25, 2024 0

On Friday, China announced that it would expand visa-free entry to citizens of nine more countries a...


Menu