{"id":23095,"date":"2018-04-19T13:41:33","date_gmt":"2018-04-19T12:41:33","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=23095"},"modified":"2018-04-19T13:41:33","modified_gmt":"2018-04-19T12:41:33","slug":"nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/","title":{"rendered":"Nigeria Loses N2.5bn Yearly To Gas Flaring–BudgIT \u2026Decries Lack Of Political Will To Establish Control Measures"},"content":{"rendered":"

BudgIT has advised the Federal Government against the effects of gas flaring, which continues to contribute to irreversible environmental degradation, posing hazards to human health and loss of revenue in the country.<\/p>\n

It said that although it observed some progress in the fight against routine gas flaring over the last 20 years, added that analysis by BudgIT’s Extractives team revealed the volume of gas produced increased by 91.13 per cent while the volume of gas flared reduced by only 38.06 per cent between 2001 and 2016.<\/p>\n

\u201cThis implies that oil companies invested more money in gas production activities and are less concerned about sufficiently investing in technologies and infrastructure to control gas flaring.<\/p>\n

Research revealed that Nigeria has a potential for the consumption of un-flared gas.<\/p>\n

To this end, BudgIT urges all stakeholders to commit towards putting in place the supply-framework, infrastructure and market systems necessary for un-flared gas to reach its end users needs.<\/p>\n

BudgIT further enjoined the government to explore existing technologies and strategies to reduce the amount of gas flared into the atmosphere, though, some irresponsible oil companies are unwilling to make the investment necessary to deploy the right technologies and infrastructure in Nigeria.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cAlso, the guiding legal framework for deterring gas flaring must be reviewed to prevent companies from taking advantage of inherent loopholes.\u00a0 Quoting the Finance Minister, Kemi Adeosun: \u201cIn current documents that cover the gas flaring penalty, the penalty was drafted as a charge. A charge is tax deductible; so when international oil companies flare the gas, they pay the charge on which they get tax relief\u201d.<\/p>\n

\u201cBudgIT Team visited communities in the Niger Delta in April 2017 and observed several cases of gas flare near residential neighbourhoods, specifically Polaku and Ogu communities in Bayelsa and Rivers States respectively. The effects of gas flaring are not limited to deformity in children, lung damage, pneumonia, asthma, bronchitis, blood disorders and a host of other fatal health conditions.<\/p>\n

According to the Oluseun Onigbinde, BudgIT’s Lead Partner, \u201cBudgIT is calling on the Federal Government to muster the political will necessary to execute Nigeria\u2019s gas master plan and to enforce regulations aimed at tangibly achieving Zero Routine Gas Flaring. Also, proceeds from gas flare penalties can be channelled towards funding health-related research in the Niger Delta region, to protect the residents and improve their living conditions.<\/p>\n

Photo Caption:Oluseun Onigbinde, BudgIT’s Lead Partner<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

BudgIT has advised the Federal Government against the effects of gas flaring, which continues to contribute to irreversible environmental degradation, posing hazards to human health and loss of revenue in the country. It said that although it observed some progress in the fight against routine gas flaring over the last 20 years, added that analysis …<\/p>\n","protected":false},"author":6,"featured_media":23096,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[2253],"coauthors":[2391],"class_list":["post-23095","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-budgit"],"yoast_head":"\nNigeria Loses N2.5bn Yearly To Gas Flaring-BudgIT \u2026Decries Lack Of Political Will To Establish Control Measures - National Wire<\/title>\n<meta name=\"description\" content=\"BudgIT has advised the Federal Government against the effects of gas flaring, which continues to contribute to irreversible environmental degradation, posing hazards to human health and loss of revenue in the country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria Loses N2.5bn Yearly To Gas Flaring-BudgIT \u2026Decries Lack Of Political Will To Establish Control Measures - National Wire\" \/>\n<meta property=\"og:description\" content=\"BudgIT has advised the Federal Government against the effects of gas flaring, which continues to contribute to irreversible environmental degradation, posing hazards to human health and loss of revenue in the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-19T12:41:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/04\/thumbnail.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"886\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/04\/thumbnail.png\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/04\/thumbnail.png\",\"width\":1080,\"height\":886,\"caption\":\"Oluseun Onigbinde, BudgIT's Lead Partner\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/\",\"name\":\"Nigeria Loses N2.5bn Yearly To Gas Flaring-BudgIT \u2026Decries Lack Of Political Will To Establish Control Measures - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/#primaryimage\"},\"datePublished\":\"2018-04-19T12:41:33+00:00\",\"dateModified\":\"2018-04-19T12:41:33+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"BudgIT has advised the Federal Government against the effects of gas flaring, which continues to contribute to irreversible environmental degradation, posing hazards to human health and loss of revenue in the country.\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nigeria Loses N2.5bn Yearly To Gas Flaring–BudgIT \u2026Decries Lack Of Political Will To Establish Control Measures\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nigeria Loses N2.5bn Yearly To Gas Flaring-BudgIT \u2026Decries Lack Of Political Will To Establish Control Measures - National Wire","description":"BudgIT has advised the Federal Government against the effects of gas flaring, which continues to contribute to irreversible environmental degradation, posing hazards to human health and loss of revenue in the country.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/","og_locale":"en_US","og_type":"article","og_title":"Nigeria Loses N2.5bn Yearly To Gas Flaring-BudgIT \u2026Decries Lack Of Political Will To Establish Control Measures - National Wire","og_description":"BudgIT has advised the Federal Government against the effects of gas flaring, which continues to contribute to irreversible environmental degradation, posing hazards to human health and loss of revenue in the country.","og_url":"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/","og_site_name":"National Wire","article_published_time":"2018-04-19T12:41:33+00:00","og_image":[{"width":1080,"height":886,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/04\/thumbnail.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/04\/thumbnail.png","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/04\/thumbnail.png","width":1080,"height":886,"caption":"Oluseun Onigbinde, BudgIT's Lead Partner"},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/","name":"Nigeria Loses N2.5bn Yearly To Gas Flaring-BudgIT \u2026Decries Lack Of Political Will To Establish Control Measures - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/#primaryimage"},"datePublished":"2018-04-19T12:41:33+00:00","dateModified":"2018-04-19T12:41:33+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"BudgIT has advised the Federal Government against the effects of gas flaring, which continues to contribute to irreversible environmental degradation, posing hazards to human health and loss of revenue in the country.","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/nigeria-loses-n2-5bn-yearly-to-gas-flaring-budgit-decries-lack-of-political-will-to-establish-control-measures\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"Nigeria Loses N2.5bn Yearly To Gas Flaring–BudgIT \u2026Decries Lack Of Political Will To Establish Control Measures"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/23095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=23095"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/23095\/revisions"}],"predecessor-version":[{"id":23097,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/23095\/revisions\/23097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/23096"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=23095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=23095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=23095"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=23095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}