The latest report that Nigeria lost $16 trillion to gas flaring in the 10 years to 2022 highlights the prevailing national culture of waste, andd the institutional failures that hamper the country’s development. In its 72nd edition of the ‘Statistical Review of World Energy 2023,’ the Energy Institute detailed how Africa’s largest economy lost the trillions due to natural gas flaring by oil producing companies between 2012 and 2022 despite a national programme decreeing an end to the practice. President Bola Tinubu should decisively stop the ludicrous enterprise on his watch.
