Nigeria’s gas sector attracts over $5bn in investments
The Nigerian Gas Association (NGA) has revealed that the country’s gas sector has secured over five billion dollars in new investments as of 2024. This was disclosed by the NGA President, Mr Akachukwu Nwokedi, during a press briefing over the weekend in Lagos, ahead of the 29th World Gas Conference (WGC 2025), which is set to take place from May 19 to 23 in Beijing, China.
According to Nwokedi, the substantial investment reflects growing international confidence in Nigeria’s energy transition plan and its long-term potential in the global energy landscape.
He explained that the capital inflow spans key areas of the gas value chain, including the development of critical infrastructure, floating liquefied natural gas (LNG) platforms, gas processing facilities, and domestic gas utilisation initiatives.
“These investments demonstrate that Nigeria is not merely making promises—we’re delivering real, measurable progress in carving out a place for ourselves in the international gas arena,” Nwokedi said.
He attributed this growing investor interest to a range of recent policy interventions introduced by the administration of President Bola Ahmed Tinubu. These include Executive Orders aimed at reforming oil and gas operations, renewed momentum on the Ajaokuta–Kaduna–Kano (AKK) pipeline, and the rollout of the Decentralised Gas Distribution Framework.
Nwokedi also acknowledged the crucial contributions of regulatory bodies like the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), whose work he said has been instrumental in unlocking value through commercialisation and more robust pricing structures for domestic gas.
He reaffirmed the NGA’s continued backing of methane abatement measures and enhanced safety standards around Compressed Natural Gas (CNG), while applauding NNPC Ltd. and its Group Executive Vice President, Mr Bayo Ojulari, for championing innovative, game-changing gas projects.
“With 209 trillion cubic feet of proven gas reserves—and the possibility of extending this to 600 TCF—Nigeria is placing natural gas at the heart of its energy transition agenda,” Nwokedi noted.
“Our responsibility is to make this transition work in our favour. Gas gives us the clearest path to eradicating energy poverty, while still driving down emissions.”
He added that Nigeria’s presence at WGC 2025 would serve as a showcase of both achievements and ambitions. The Nigeria Pavilion, he explained, will present tangible progress in the gas space, draw attention to new opportunities, and advance the strategic objectives of the “Decade of Gas” initiative.
“This is not merely about visibility,” Nwokedi remarked. “It’s a deliberate move to assert Nigeria’s commitment to becoming a major force—not just as a gas-rich nation, but as an attractive, dependable destination for investment.”
According to him, the Pavilion will serve as a hub for government representatives, industry leaders, and global investors, creating a platform to draw attention to critical projects across the entire gas spectrum.
He underscored that the conference will shine a light on local content champions, enable meaningful global dialogue on clean energy and sustainable development, and foster influential networks across the energy sector.
The Pavilion, he said, also aims to attract fresh international capital into Nigeria’s gas pipeline infrastructure, processing hubs, and distribution systems, while encouraging collaboration in financing models, technological innovation, and gas off-take arrangements.
In conclusion, Nwokedi emphasised that the broader goal is to underscore Nigeria’s unwavering commitment to a cleaner, more inclusive future powered by gas.
“This conversation is not only about energy—it’s about livelihoods, industries, greener solutions, and the transformation of our nation’s future.
“Nigeria is ready. The NGA is ready. WGC 2025 is our moment on the world stage. Let’s rise to it—together,” he declared.
