Nigeria faces $1.5 billion loss from gas flaring and seeks $20 billion annual gas investment

German Ambassador Annett Günther said Nigeria flared 5.3 billion cubic metres of associated gas in 2024, costing about US$1.5 billion and placing the country seventh globally in flare volumes. Germany announced a programme to commercialise flare gas for household energy, industry and emerging hydrogen projects as part of its bilateral energy partnership with Nigeria.

At the same NOG conference, MDGIF Executive Director Oluwole Adama warned that closing the domestic gas‑infrastructure gap will require roughly US$20 billion each year – US$400 billion over the next decade – to deliver cheaper, cleaner energy, create jobs and reduce energy poverty. He highlighted the need to resolve project‑preparation, demand, infrastructure and financing risks to make projects bankable.