Nigeria’s Loss To Gas Flaring Exceeds $2.5bn Per Annum | Independent Newspapers Limited
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Nigeria’s Loss To Gas Flaring Exceeds $2.5bn Per Annum

Posted: Nov 10, 2015 at 8:20 am   /   by   /   comments (0)

Highest body of stakeholders in the Liquefied Petroleum Gas (LPG) industry in Nigeria, the Nigerian Liquefied Petroleum Gas Association (NLPGA), released a new data on gas flaring in Nigeria at the weekend, declaring that the country’s loss to the air pollution is now over $2.5 billion per annum.

President of the association, Mr. Dayo Adesina, who gave this data during a press conference to herald the 5th annual conference of NLPGA in Lagos, maintained that the association would rally government officials and stakeholders in the LPG industry for the conference aimed at finding solutions to gas flaring, firewood and kerosene burning and other causes of air pollution through promoting use of LPG. The Conference themed:

“The future is now” will, according to Adesina, focus on embracing LPG as the answer to energy poverty, environmental degradation among many other issues affecting Nigeria. Gas flaring activities in Nigeria has contributed to the loss of possible earnings of over $2.5 billion per annum, he said, adding that stakeholders, including producers, bulk breakers, botttling plants, primary and secondary depots, transporters, consultants, traders, public institutions, relevant ministries, government agencies, professionals and the consumers will be in Lagos, Nigeria. “The 5th Annual NLPGA Conference is scheduled to hold on Wednesday the 2nd of December 2015 at the Oriental Hotel Lagos.

The NLPGA Conference is the premier event for stakeholders in the Nigerian LPG Sector,” Adesina said. He added: “We also need to highlight safety concerns regarding illegal and unlicensed operators in the sector, high tariffs and duties on imported cylinders and LPG equipments, the urgent need for required funding at favourable interest rates for players in the sector, and new training programmes for members in various aspects of the value chain. “Others include the need to step up awareness campaigns by the government to the public on the benefits of using LPG as the cooking fuel of choice to replace the unclean firewood and kerosene.”

Corroborating his view, Deputy President of the NLPGA, Mr. Nuhu Yakubu, stated that the conference was an opportunity for stakeholders botto come together and proffer solutions to issues affecting the growth of the sector. Since its inauguration in 2011, the conference has focused on bringing fresh ideas to the key issues affecting the industry.

The availability of energy and power is very crucial to the growth of Nigeria’s economy and LPG is the key to this. Its availability and features make it the energy of choice for the future. He urged the government to focus on embracing LPG as the answer to energy poverty, environmental degradation among many other issues affecting Nigeria.

The promotion of LPG wide usage in Nigeria over the years is yet to be actualised due to persistent issues facing the industry. Some of the factors affecting Liquefied Petroleum Gas (LPG) growth in Nigeria over the years, according to Yakubu, Include “the insufficient number of coastal terminals and few LPG inland storage facilities across Nigeria, inefficient distribution system due to concentration of LPG logistics on road tankers (bob tails and bridgers), high first costs associated with acquisition of cylinders and LPG stoves by consumers, subsidy on kerosene by Federal Government, and excessive import duties and VAT on LPG as equipment.

A comprehensive research recently conducted by the UNDP in conjunction with the World Liquefied Petroleum Gas Association (WLPGA) on pollution, according to the NLPGA deputy president, shows that carbon dioxide is the number one contributor to the rising global temperature (40% of the planet warming), while soot from kerosene stoves also contributes to global warming (18% of the planet warming).