(3 Minutes Read)
The President of the Nigerian Gas Association (NGA), Akachukwu Nwokedi, announced that Nigeria’s gas sector secured over USD 5 billion in fresh investments as of 2024. Speaking during a press briefing in Lagos ahead of the 29th World Gas Conference (WGC 2025)—set to take place from May 19 to 23 in Beijing—Nwokedi stated that the influx of capital reflects growing international trust in Nigeria’s energy transition agenda.
He noted that the investments span key areas of the gas value chain, such as infrastructure development, floating LNG units, gas processing facilities, and domestic utilization initiatives.
“These developments clearly show Nigeria is making significant strides toward becoming a major global gas player,” Nwokedi said.
He attributed this surge in investment to policy reforms introduced by President Bola Ahmed Tinubu, including Executive Orders on oil and gas operations, advancements on the Ajaokuta–Kaduna–Kano (AKK) pipeline, and the Decentralised Gas Distribution Framework.
Nwokedi also commended regulatory bodies like the NUPRC and NMDPRA for their role in driving gas commercialisation and refining domestic pricing structures.
Highlighting Nigeria’s massive potential, he noted that the country holds 209 trillion cubic feet (TCF) of proven gas reserves, with prospects of reaching 600 TCF, positioning gas as the foundation of Nigeria’s clean energy future.
He emphasised the importance of gas in addressing energy poverty while reducing carbon emissions. He praised NNPC Ltd. and its leadership under Bayo Ojulari for their efforts in steering groundbreaking gas initiatives.
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Nigeria’s presence at WGC 2025, through the Nigeria Pavilion, will showcase progress, spotlight investment opportunities, and align with the country’s “Decade of Gas” strategy. Nwokedi described the Pavilion as a strategic platform to attract global partnerships and financing for infrastructure, processing, and distribution projects. It will also emphasise Nigeria’s focus on methane reduction, CNG safety, and broader goals around low-carbon development.
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