Reps to probe ‘$9bn revenue loss’ from gas flaring | TheCable
Tajudeen Abbas, speaker of the house of representatives, has set up an ad hoc committee to investigate an alleged $9.05 billion revenue loss from gas flaring in Nigeria in the last ten years.
He said the probe was an acknowledgement of the urgent need to understand and mitigate the environmental, social, and economic impacts of the practice. “Gas flaring and venting has been a significant environmental, economic, health, and social concern in our country for many years. On his part, Babba Munir, the chairman of the committee, said the members were representing the interest of all Nigerians.He said the issue of gas flaring had lingered for decades despite several undertakings“We are here to give everyone a fair hearing, to know where the loopholes are, where we need to tweak our laws to ensure we get optimal result,” he said.
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