Nigeria targeting US investors in gas flare business

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Nigeria targeting US investors in gas flare business
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The Federal Government is set to present opportunities in the Nigerian Gas Flare Commercialisation Programme to the United States government and its investors, Okechukwu Nnodim reports The Federal Go

vernment hopes to attract investors from the United States and the US government to participate in the gas flare commercialisation programme being pursued in Nigeria.

The Programme Manager, NGFCP, Federal Ministry of Petroleum Resources, Justice Derefaka, said the US had indicated interest and sought to know more about the gas flare commercialisation drive being pursued in Nigeria. “Following a rigorous exercise conducted in line with established protocol and using the electronic evaluation tool, 205 applicants emerged successful, attaining a ‘pass status’, while the remaining 33 applicants did not meet the minimum requirements and thus attained ‘fail status’,” Derefaka told our correspondent in Abuja.

Derefaka stated that the government sought to further cut down on the country’s gas flare rate, adding that unveiling the opportunities in the NGFCP to investors at the forthcoming forum would in one way or the other support the move to commercialise gas flare. The ministry disclosed this in a letter titled, ‘Approval of submission of Statement of Qualification’ in response to the request for qualification package of the Nigerian Gas Flare Commercialisation Programme in the ministry.

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