The Federal Government of Nigeria has pledged to end gas flaring in the country by 2020, Footprint to Africa reports.
Group General Manager, Nigerian Petroleum Investment and Management Services (NAPIMS), Dafe Sajebor, and the Managing Director of National Petroleum Development Corporation (NPDC), Sadler Mai-Bornu, made this assertion when they appeared before a Senate panel investigating the activities of oil and gas agencies in the country.
They agreed that their organisations were working diligently to end gas flaring in the country between 2018 and 2020.
As part of its ongoing probe into the Petroleum sector of the economy, the Senate Committee on Gas Resources also mandated the Nigerian National Petroleum Corporation, (NNPC), and its subsidiaries to submit their detailed audited accounts for the past three years.
Aside the NNPC, its subsidiaries expected to submit the audited accounts include: Nigerian Petroleum Development Company, NPDC, Nigerian Petroleum Investment and Management Service, NAPIMS, Nigeria Liquefied Natural Gas, (NLNG), among others.
Chairman of the Committee, Senator Albert Akpan, who handed the directive, during the committee’s engagement with the agencies in Abuja, noted that the request was in line with the mandate of the committee in its ongoing investigation into the activities of the agencies.
He noted that the audited documents would afford the committee opportunity to know the joint venture funding and cost determination of the oil companies and government agencies.
“From here, we will know also who approves projects and how are the projects monitored and the mechanism for cost recovery and monitoring of the projects.
“Give us the submission of the gas that you have flared and each of your operators involved. The quality of gas flared, the operators, the terminal and the related penalties paid,” he added.