Nigeria Issues 28 Permits to Access Flare Gas, Unlocking $2 Billion Investment and 100,000 Jobs
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the issuance of ‘Permits to Access Flare Gas’ to 28 awardees under the Nigerian Gas Flare Commercialisation Programme (NGFCP), marking a shift from environmental liability to economic opportunity in the upstream petroleum sector.
A statement by NUPRC’s Head of Media, Eniola Akinkuotu, said the permits were awarded during an official ceremony in Abuja. The initiative is expected to attract $2 billion in investments and create over 100,000 jobs.
The successful awardees include Ace Energy Limited, Afagaf Company Limited, AGH Lero, Almina Resources Limited, Amazon Energy Limited, AUT Energy, Beluga Asiko, Bodej Investment Limited, Cainergy Limited, Cimcmonobuo Nigeria Limited, among others. A total of 49 flare sites were awarded to 42 bidders after a rigorous and transparent evaluation process.
NUPRC CEO Gbenga Komolafe said the issuance of the Permit to Access Flare Gas (PAFG) under the 2022 NGFCP reflects a transition from legacy challenges to market-driven solutions, promoting energy security, reducing emissions, and improving operational efficiency. He noted that the programme aligns with President Bola Tinubu’s vision and Nigeria’s net-zero carbon ambitions.
Key benefits of the programme include:
Capturing and commercialising 250–300 mmscfd of currently flared gas
Eliminating approximately 6 million tonnes of CO₂ annually
Attracting up to $2 billion in investment
Creating over 100,000 direct and indirect jobs
Producing about 170,000 metric tons of LPG annually, serving 1.4 million households
Unlocking nearly 3GW of power generation potential
Komolafe emphasized that while the permit issuance is a milestone, it signals the start of implementation, with engineering, construction, financing, and commissioning now underway. The NUPRC has established an NGFCP Forum and College of Awardees to support knowledge exchange and project execution.
This initiative represents a major step toward harnessing flare gas commercially, reducing environmental impact, and fostering economic growth in Nigeria’s oil and gas sector.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the issuance of ‘Permits to Access Flare Gas’ to 28 awardees under the Nigerian Gas Flare Commercialisation Programme (NGFCP), marking a shift from environmental liability to economic opportunity in the upstream petroleum sector.
A statement by NUPRC’s Head of Media, Eniola Akinkuotu, said the permits were awarded during an official ceremony in Abuja.
The initiative is expected to attract $2 billion in investments and create over 100,000 jobs.
The successful awardees include Ace Energy Limited, Afagaf Company Limited, AGH Lero, Almina Resources Limited, Amazon Energy Limited, AUT Energy, Beluga Asiko, Bodej Investment Limited, Cainergy Limited, Cimcmonobuo Nigeria Limited, among others.
A total of 49 flare sites were awarded to 42 bidders after a rigorous and transparent evaluation process.
NUPRC CEO Gbenga Komolafe said the issuance of the Permit to Access Flare Gas (PAFG) under the 2022 NGFCP reflects a transition from legacy challenges to market-driven solutions, promoting energy security, reducing emissions, and improving operational efficiency.
He noted that the programme aligned with President Bola Tinubu’s vision and Nigeria’s net-zero carbon ambitions.
He noted that key benefits of the programme include capturing and commercialising 250–300 mmscfd of currently flared gas, eliminating approximately 6 million tonnes of CO₂ annually, attracting up to $2 billion in investment among others.
Komolafe emphasised that while the permit issuance is a milestone, it signals the start of implementation, with engineering, construction, financing, and commissioning now underway.
The NUPRC has established an NGFCP Forum and College of Awardees to support knowledge exchange and project execution.
This initiative represents a major step toward harnessing flare gas commercially, reducing environmental impact, and fostering economic growth in Nigeria’s oil and gas sector.
