• About Us
  • Contact Us
  • Privacy & Policy
Sunday, July 6, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Energy Crisis: 100 Million Nigerians Suffer Widespread Blackouts Despite Constant Gas Flaring

Vincent Amadi by Vincent Amadi
August 19, 2024
in Economy
Reading Time: 3 mins read
A A
0
Energy Crisis: 100 Million Nigerians Suffer Widespread Blackouts Despite Constant Gas Flaring
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


According to Journalists’ findings, the amount of gas flared in the first six months of 2024 could power more than 3 million homes. It was reported by the National Oil Spill Detection and Response Agency (NOSDRA), that an estimated 148.7 million standard cubic feet of gas was flared in the first half (H1) of 2024.
Recent data from the National Oil Spill Detection and Response Agency (NOSDRA) Nigeria Gas Flare Tracker showed that the country’s flared gas has a power generation potential of 3,401.83 megawatts (MW).
As stated by the US Energy Information Association, one megawatt of power can power 1,000 homes. This means that the gas flared in the first half of 2024 could power at least 3.4 million homes. The value of the flared gas is about $360 million, which could ease the West African country’s foreign exchange problems.
Nigeria has been struggling for years with foreign exchange shortages that have led to slow economic growth, devaluation of the naira, and worsening inflation.


As PricewaterhouseCoopers alluded to in a report titled ‘Privatisation in the Power Sector: Navigating the Transition.’ “The rule of thumb for an industrial nation is about 1MW for every thousand population”.
According to the Nigerian Electricity System Operator, Nigeria has an installed generation capacity of about 13,014.14 MW and an operating capacity of about 4,000 MW. Thus, power generation in Nigeria remains a major challenge.
In comparison, over 100 million Nigerians have no access to electricity and over 75 percent of West African countries have no access to clean energy for cooking.
“Despite all the interventions and subsidies, over 100 million Nigerians still do not have access to consistent and affordable electricity,” said Olu Berhadjen, Special Adviser to President Bola Tinubu on Energy Affairs.
In their view, lack of access directly impacts the ability of citizens to achieve meaningful income growth, limiting productivity and stifling economic growth.
“The link between electricity consumption and economic development is well established across different countries in different income strata.”
As Africa’s largest oil producer, Nigeria is no stranger to energy issues. The high number of power outages in Nigerian communities highlights the inefficiencies plaguing the country’s energy sector.

A few weeks ago, the country’s power grid partially collapsed, plunging parts of the country into darkness. This is the seventh time the country has experienced a complete grid failure in 2024, resulting in a complete blackout across much of the country.
Since the grid was privatized a decade ago, it has failed more than 141 times, highlighting ongoing problems in the energy sector.
Experts stress the urgent need for gas commercialization, strengthened regulation, development of floating liquefied natural gas (FLNG) and amendments to the Petroleum Industry Act to address these issues.
Preye David Orodu, Senior Engineer at KEOT Synergy, stressed the importance of a practical gas commercialization effort backed by a strong infrastructure network.
Orodu noted that some of the liquefied petroleum gas (LPG) used in the country is imported, making the supply chain more uncertain.”By promoting gas commercialisation, we can attract investment, thereby reducing our reliance on imports,” Olodu said.
For energy analyst Bala Zakka, the use of natural gas, a cleaner source of energy, could help boost investment in gas turbines and power generation.
He said Nigeria has not done enough as a member of the Organization of Petroleum Exporting Countries and the Forum of Gas Exporters.
Energy analyst Kelvin Emmanuel stressed the need for deregulation of gas prices to motivate operators to commercialize the gas they currently flare, thereby reducing environmental and economic losses.
Emmanuel said this is important because “The reason this is critical is because if the cost of gas per standard cubic feet is lower than the cost of penalty for flaring, the operators will reject re-injection and opt for the fines.”
To address this issue, Emmanuel proposed the development of floating LNG vessels, which would reduce the cost of building standard trains, reduce the risk of vandalism and facilitate the extraction of associated gas from wells. Emanuel said this approach would eliminate the need for flaring and reinjection, providing a more sustainable way to use gas.

Tags: business
Vincent Amadi

Vincent Amadi

Related Posts

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

1 week ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

2 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

3 weeks ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Peter Obi urges Northern leaders to invest in education to tackle poverty
National

Just In: I will contest for office of the President in 2027 — Peter Obi

1 hour ago
Tinubu, Brazil Forge Alliance to Boost Nigeria’s Agricultural Exports
National

Tinubu, Brazil Forge Alliance to Boost Nigeria’s Agricultural Exports

10 hours ago
Legislature and judiciary servants of Tinubu, not independent, says Buba Galadima
National

Legislature and judiciary servants of Tinubu, not independent, says Buba Galadima

2 days ago
ASUU UNIJOS Declares Strike Over Unpaid June 2025 Salaries
National

ASUU UNIJOS Declares Strike Over Unpaid June 2025 Salaries

3 days ago
DHQ: Military Not Empowered to Offer Amnesty to Bandits or Terrorists
National

DHQ: Military Not Empowered to Offer Amnesty to Bandits or Terrorists

3 days ago
Kidnap victim who claimed to be my brother lied, I only have a sister — Zamfara governor
National

Kidnap victim who claimed to be my brother lied, I only have a sister — Zamfara governor

4 days ago

POLITICS

Ebonyi State remains APC, we’re not afraid of coalition — APC chairman

Ebonyi State remains APC, we’re not afraid of coalition — APC chairman

5 hours ago
Count me out of coalition defection rumour, I remain an APC member — Zulum

Count me out of coalition defection rumour, I remain an APC member — Zulum

5 hours ago
Arewa Youths, NAN Slam El-Rufai, Amaechi Over INEC Allegations

Arewa Youths, NAN Slam El-Rufai, Amaechi Over INEC Allegations

9 hours ago
Seven Akwa Ibom Lawmakers Defect to APC, Citing Party Divisions

South-South APC Endorses Tinubu for 2027 Presidential Election, urges Fubara and Diri to join the APC.

9 hours ago
Legislature and judiciary servants of Tinubu, not independent, says Buba Galadima

Legislature and judiciary servants of Tinubu, not independent, says Buba Galadima

2 days ago
Wike Challenges ADC Leaders to Show Scorecard Ahead of 2027 Elections 

Wike Challenges ADC Leaders to Show Scorecard Ahead of 2027 Elections 

2 days ago

YOUR ECONOMY

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

1 week ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

2 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

3 weeks ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

3 weeks ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Dangote Refinery Begins Distribution of Petrol Nationwide

3 weeks ago
Nigeria Stock Exchange to Partner with Hong Kong’s Stock market
Economy

Nigeria Stock Exchange to Partner with Hong Kong’s Stock market

4 weeks ago

E & P

Chelsea Target Arsenal’s Ethan Nwaneri Amid Contract Talks
Sports

Chelsea Target Arsenal’s Ethan Nwaneri Amid Contract Talks

by Steven Atogi
1 day ago
0

England international Ethan Nwaneri has emerged as a transfer target for Chelsea amid ongoing Arsenal contract discussions.The 18-year-old attacking midfielder...

Arsenal Close In on Madueke Transfer After Agreeing Personal Terms

Arsenal Close In on Madueke Transfer After Agreeing Personal Terms

1 day ago
Just In: Thomas Partey charged with rape and sexual assault

Just In: Thomas Partey charged with rape and sexual assault

2 days ago
Liverpool striker Diogo Jota and brother dies in ghastly car accident

Liverpool striker Diogo Jota and brother dies in ghastly car accident

4 days ago
Luis Enrique: We Can’t Stop Messi Without a Collective Effort

Luis Enrique: We Can’t Stop Messi Without a Collective Effort

1 week ago
Fenerbahçe Closes In on €10M Transfer Deal for Colombian Striker Jhon Durán

Fenerbahçe Closes In on €10M Transfer Deal for Colombian Striker Jhon Durán

1 week ago

YOUR THOUGHT & HISTORY

El-Rufai Plans New Party as ADC Backup Against APC Interference
Columns

The Shadow Strategist: El-Rufai, the Illusion of Power, and 2027’s Looming Reckoning

by Odini Brains
9 hours ago
Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

by Odini Brains
1 week ago
The Emerging Kogi: Economic Growth Impact Transforming Better Reality
Columns

The Emerging Kogi: Economic Growth Impact Transforming Better Reality

by Kiikpoye Karibo
2 weeks ago
ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
4 months ago
Data Visualizations
Columns

Five Key Considerations for Creating Effective Data Visualizations

by Blessing Chinyere Daniel
6 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Peter Obi urges Northern leaders to invest in education to tackle poverty

Just In: I will contest for office of the President in 2027 — Peter Obi

July 6, 2025
Ebonyi State remains APC, we’re not afraid of coalition — APC chairman

Ebonyi State remains APC, we’re not afraid of coalition — APC chairman

July 6, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address