A one-day Nigerian Gas Flare Commercialization Programme (NGFCP) Qualified Applicants (QAs) Workshop was recently held at the PTDF Auditorium with the theme “Regulatory Frameworks, Incentives, Best Practices & Understanding the Request for Proposal (RfP) Phase to Boost Investors’ and Qualified Applicants’ (QAs) Appetites in the NGFCP”. The objective is to engage the Qualified Applicants for the Nigerian Gas Flare Commercialization Programme on what is expected from them to proceed on to the next steps of the procurement process.
The Qualified Applicants are currently bidding as potential investors to deploy technologies that would capture flared gas from the 178 flare sites and convert the 800 million standard cubic feet of gas flared daily from waste to wealth. It is reported that in 2018 alone, 321.63 Billion Standard Cubic Feet of gas was flared. These upcoming investments to harness flared gas, are expected to bring about $ 3 billion worth of investments into Nigeria, create over 300,000 direct and indirect jobs, give more Nigerians access to cleaner energy through LPG and reduce carbon emissions by about 20 million tonnes yearly.
There were various stakeholders and speakers at the event which include the Pioneer Chairman of NGFCP Inter-ministerial Committee; Mr. Adegbite Adeniji who spoke on the ‘The NGFCP Commercial & Transactional Structure (“DNA”), Bankability and Marketability of the NGFCP”. The Executive Secretary of the Nigerian Investment Promotion Commission (NIPC) Ms Yewande Sadiku who was represented by the director Strategic communications, Mr Emeka Offor made a presentation on “Government Incentives and the role of Private capital investment in the delivery of gas Flare out Projects in the NGFCP”, and the Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB), Mr Simbi Wabote who also made a presentation on “Local Content as an Enabler for Human Capital & Economic Development: Potential Constraints and Opportunities for investors & qualified Applicants (Qas) in the NGFCP”.
Total E & P also spoke on their organisation’s participative process to build relationship with marginalised communities in the Niger Delta. NGFCP Programme Manager, Justice O. Derefaka hosted the question and answer session after an earlier presentation on the “NGFCP- Journey So Far”.
The PTDF is currently in Partnership with the NGFCP. An NGFCP-PTDF Joint Implementation Committee was inaugurated by the then Honourable Minister of State for Petroleum in April, 2019. The Partnership is being facilitated by the Gas Technology Development Division of the PTDF. The Fund is also represented in the Inter-Ministerial Steering Committee of the NGFCP by the Manager Nigerian Content and Industry Collaboration, Mr. Usman Pindar. The Steering Committee, currently headed by the Permanent Secretary, Ministry of Petroleum Resources, provides overall strategic oversight & governance for the NGFCP.