Nigeria has recorded an estimated loss of $888.2 million to gas flaring between January 2025 and June 2026, according to the latest industry data released on Sunday.

The report revealed that the country continued to lose significant revenue from flared gas despite efforts to increase domestic gas utilisation and address energy supply challenges.

Data from the report showed that Nigeria exported about 60 per cent of its gas production during the period under review, even as businesses and households grapple with inadequate domestic gas supply.

The development has raised concerns among stakeholders in the oil and gas sector, who say the losses could have been avoided through improved gas infrastructure and effective utilization policies.

Stakeholders noted that the volume of gas flared during the period could have been channeled into electricity generation and industrial use, contributing significantly to the country’s economic growth and energy needs.

The report comes at a time when the Federal Government is intensifying efforts to position natural gas as a key driver of economic diversification and industrial development.

Industry experts have called for stricter enforcement of anti-gas flaring regulations and increased investment in gas processing and distribution infrastructure to minimise losses and maximise the country’s gas resources.

Analysts say reducing gas flaring will not only improve government revenue but also strengthen Nigeria’s energy security and support sustainable economic development.

The latest figures underscore the urgent need for coordinated efforts by government and industry stakeholders to curb gas flaring and unlock the full economic potential of Nigeria’s natural gas reserves.

NASTV Africa
Manifesting Africa’s Greatness