While gas flaring has technically been illegal in Nigeria since 1984, the government sometimes grants exemptions to oil companies, and fines for flaring. These exemptions and fines are minimal or of no effect in encouraging investment in safe and environmental friendly technology in oil and gas exploration and development.
George Osahon, Director, Department of Petroleum Resources (DPR) during a business forum of Nigeria Gas Association (NGA) in Lagos, said, “Nigeria is losing over 4.9 million dollars (more than N735 million) daily to gas flaring.” According to him, “…an average of 4.9 million dollars worth of gas is being flared on daily basis which translates to about 1.4 billion cubic feet of gas flared daily by the international oil companies,”
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- See more at: http://www.vanguardngr.com/2013/10/pib-serious-environmental-protection-proposal-3/#sthash.A24VlrGG.dpuf
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