The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has said its portfolio of gas infrastructure projects is positioned to add 25.2 per cent to Nigeria’s national domestic gas supply baseline.
The fund disclosed this in an update on its activities, stating that its portfolio currently comprises 31 projects and 205 infrastructure assets aimed at expanding gas processing, transportation, storage and utilisation.
According to the MDGIF, an estimated ₦671 billion in final investment decisions has been approved across the portfolio, while the projects have catalysed total investments of about ₦1.6 trillion.
The fund said 127 projects have commenced and 10 have been commissioned, with further projects expected to move towards completion before the end of 2026.
Its portfolio includes 12 gas processing plants, 13 depots and RLNG facilities, as well as CNG infrastructure.
MDGIF also highlighted a mini-LNG project by Topline as a case study, describing it as Nigeria’s first indigenous mini-LNG plant. The fund said its 30 per cent equity participation helped unlock an InfraCredit guarantee after the project had previously been unable to secure institutional support.
The project is expected to be commissioned before the end of the fourth quarter of 2026, according to the fund.
The fund also disclosed that a $500 million financing framework with Afreximbank had been advanced, with the Nigeria Sovereign Investment Authority (NSIA) and InfraCredit engaged.
MDGIF said its interventions are designed to provide catalytic equity for technically sound gas projects that struggle to reach bankability, rather than operating as a grant or loan programme.
It said the objective is to attract private and institutional capital while supporting infrastructure that can turn stranded gas into industrial feedstock, transport fuel, cooking gas and more reliable power supply.
The fund was established under Section 52(1) of the Petroleum Industry Act 2021 and resides within the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
It is funded through a 0.5 per cent levy on wholesale gas and petroleum prices collected by NMDPRA, gas flare penalties released through the Federation Account Allocation Committee, as well as grants and investment income.