, 10 tweets, 6 min read Read on Twitter
DID YOU KNOW?

9.94% of the total gas produced in 2018 was flared away.

To end gas flaring, the @NGRSenate passed a Bill to prohibit gas flaring in Nigeria after the 3rd reading in April 2019 since 2nd reading in 2017.

Here's all you should know about the Bill.

#FixOurOil
Gas can only be flared in accordance with an Authorisation granted by the Minister.

#FixOurOil
All data relating to the gas resources and flaring/venting of gas must be submitted to the Minister within six months.

#FixOurOil
Operators must obtain authorisation from the Minister before establishing a Gas Facility in Nigeria.

#FixOurOil
Operators that flares/vents gas as authorised shall pay a fee as prescribed by the Minister from time to time.

#FixOurOil
Operators are expected to install metering equipment for measuring volume of flared gas on their facilities before the commencement of hydrocarbon production.

#FixOurOil
Operators that flare gas without permission will pay a fine equal to 200% of the fee payable for every 1000 standard cubic feet of gas.

#FixOurOil
All infrastructural projects undertaken to support gas flare out will be entitled to 5 years corporate tax exemption and other concessions as may be granted by the Federal Government.

#FixOurOil
The powers conferred on the Minister by this Act may be exercised by any one duly authorized by the Minister to do so.

#FixOurOil
The Minister's powers granted under this Act shall be reviewed and re- appraised after every two years.

#FixOurOil
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to BudgIT Nigeria
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!