By Faridat Salifu
The Nigerian Gas Association (NGA) has announced that over $5 billion investments were poured into Nigeria’s gas sector as of 2024 to facilitate the country’s gas-led energy transition strategy.
Speaking at a press conference in Lagos on Saturday ahead of the 29th World Gas Conference (WGC 2025) scheduled for May 19–23 in Beijing, NGA President Akachukwu Nwokedi ssid that the influx of capital spans critical areas of the gas value chain, including infrastructure, floating liquefied natural gas (LNG) facilities, processing plants, and domestic gas utilisation initiatives.
“These investments are a clear signal that Nigeria is making tangible progress in becoming a key player in the global gas market,” Nwokedi said.
He attributed the renewed investor confidence to recent policy reforms by the administration of President Bola Ahmed Tinubu.
Notable reforms, Nwokedi said, include executive orders aimed at easing oil and gas operations, accelerated progress on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, and the launch of the Decentralised Gas Distribution Framework.
Nwokedi commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for their instrumental roles in shaping a more investment-friendly regulatory environment.
He said their efforts have enhanced the commercial viability of gas and streamlined domestic pricing frameworks.
The NGA president also praised NNPC Ltd. and its leadership under Bayo Ojulari for spearheading transformative initiatives, including measures to curb methane emissions and improve safety in Compressed Natural Gas (CNG) operations.
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With 209 trillion cubic feet of proven reserves—and potential estimates reaching as high as 600 trillion cubic feet—Nigeria is leveraging gas as the cornerstone of its national energy strategy.
According to Nwokedi, natural gas presents Nigeria’s best opportunity to address energy poverty without compromising its emissions reduction goals.
“We must ensure the transition works for us. Gas is our best option to combat energy poverty while reducing emissions,” he said.
As part of its global engagement efforts, Nigeria will feature a dedicated “Nigeria Pavilion” at the WGC 2025.
This showcase is to highlight the country’s progress in gas development, provide visibility to local industry players, and present new investment opportunities in line with the federal government’s “Decade of Gas” initiative.
“This platform is not just symbolic; it’s strategic. It signifies Nigeria’s readiness to take its rightful place in the global gas ecosystem—not only as a resource-rich nation but also as a prime investment destination,” Nwokedi noted.
The Pavilion, he said, will host government officials, key industry stakeholders, and international investors, while spotlighting major projects in infrastructure, processing, and distribution. It is also expected to catalyze partnerships in financing, technology transfer, and gas off-take agreements.
Beyond its environmental and energy security implications, Nwokedi emphasized that Nigeria’s gas-led growth strategy promises wide-ranging economic benefits—
including job creation, industrial development, and increased access to clean energy.
“Nigeria is not just transitioning energy-wisewe are transforming our economy,” he said.
