The policy position of the Federal Government of Nigeria (FGN) is that gas flaring is unacceptable. The NGFCP has been established by the FGN to deliver a programme that drives Nigeria’s commitment to a 2020 national flare-out target. The Programme is designed as the strategy to implement the policy objectives of the FGN for the elimination of gas flares with potentially enormous multiplier and development outcomes for Nigeria. The objective of the NGFCP is to eliminate gas flaring through technically and commercially sustainable gas utilization projects developed by competent third party investors who will be invited to participate in a competitive and transparent bid process.
The commercialisation approach has been considered from legal, technical, economic, commercial and developmental standpoints. It is a unique and historic opportunity to attract major investment in economically viable gas flare capture projects whilst permanently addressing a 60 year environmental problem in Nigeria. Hence, it is structured to commercialize flare gas volumes in a manner that will provide environmental and social benefits, positive impacts to the Nigerian economy and bankable projects for investors and lenders.
Harnessing Nigeria's Flare Gas For Sustainable Value & Wealth Creation.NGFCP