Greenhouse Gas (GHG) Emissions And Oil & Gas Revenue In Nigeria

Abstract

This paper is an empirical analysis of the impact of greenhouse gas emissions on the oil & gas revenue in Nigeria for the period of 1981-2010. The population of the study is the upstream sector of the Nigerian oil & gas industry. The study adopted multiple regression techniques and data were collected from secondary source from the World Bank database and the central bank of Nigeria statistical bulletin. The findings reveal that gas flaring and gas venting is positively, strongly and significantly influencing the oil & gas revenue in Nigeria, It is recommended among others that, the Nigerian government should utilize revenue derived from the flaring and venting of gas to cater for the environs affected by the unnecessary and deliberate flaring and venting of greenhouse gas. Also, the Nigerian government should increase the amount charged as penalty to control gas emissions hence, reducing the amount expended on control measure.

DOI: 10.5901/ajis.2014.v3n7p127