GAS: The driver for Socio-Economic Change in Nigeria 

Nigeria exports over 60% of its gas production as LNG and through pipelines, while only 25% is used domestically, and 10% is wasted through gas flaring. A 2018 study by DFID explored the economic benefits of redirecting gas from exports to domestic industries like petrochemicals and fertilizers. It found that such a shift could create around 3 million jobs, compared to just 4,500 from LNG exports. Moreover, using gas for value-added products like LPG and CNG could save billions in foreign exchange. The report also suggested that the export of gas-based products would surpass LNG export values. However, realizing these benefits requires addressing security, infrastructure, and regulatory challenges. Proposed policy interventions include gas pricing reforms, penalties for gas flaring, and incentives for domestic gas industries. Maximizing gas utilization can drive socio-economic change, job creation, and environmental sustainability, but it requires government commitment and reform. 

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