The Senate on Thursday lamented the nation’s huge revenue loss due to gas flaring and pledged to end the economic waste with an appropriate legislation.
The red chamber took the decision after a discussion on the lead debate on gas flaring prohibition and punishment, sponsored by Senator Akpan Bassey.
He said, “Available data from the Nigerian National Petroleum Corporation has shown that in 2018, Nigeria lost over N 217bn in revenue as oil and gas companies flared a total of N244.84bn standard cubic feet of natural gas within the same period. The Department of Petroleum Resources, which disclosed this on Thursday, said the bid submission due date of the request for proposal had been extended by six weeks.
The regulator, in a statement on Thursday, said, “Sequel to the bidder’s conference, which held on February 17, 2020 in respect of the Nigeria Gas Flare Commercialisation Programme bid process, please be informed that the Bid Submission Due Date of the Request for Proposal has been extended by six weeks. Accordingly, the new submission due date shall be April 10, 2020.”
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate seeks military base in Sambisa borders - The Nation NigeriaTHE Senate is seeking the re-establishment of a military base at the Sambisa forest borders.This resolution was the unanimously adopted
Read more »
Nigerian Senate Fixes Date For Public Hearing On Anti-Social Media Bill | Sahara Reporters.NGRSenate Fixes Date For Public Hearing On Anti-Social Media Bill | Sahara Reporters The bill, since its introduction, has been under scrutiny from Nigerians, who have expressed displeasure at its emergence.NoToSocialMediaBill READ MORE:
Read more »
Senate urges Buhari to immediately reconstitute FCC“Since 2018, the Federal Character Commission has been run by an acting chairman who has now become a sole administrator.” FederalCharacterCommission FCC Senate Buhari Nigeria
Read more »
Senate discharges INEC Over N786 Million unspent personnel cost - Daily Post NigeriaThe Senate Committee on Public Accounts, on Wednesday gave the Independent National Electoral Commission ( INEC) a clean bill of health over allegations
Read more »
Immunity clause: Senate President Lawan, Gbajabiamila have something to hide - HURIWA - Daily Post NigeriaThe Human Rights Writers Association of Nigeria, HURIWA, has condemned the bill seeking immunity from prosecution for federal lawmakers. HURIWA, a
Read more »
Coronavirus: Senate faults preventive measures at airportsThe Senate on Thursday faulted the measures put in place at the nation’s ports by the Federal Ministry of Health aimed at preventing the spread...
Read more »