The Decade of Gas Program has seen significant acceleration Under President Bola Ahmed Tinubu’s administration over the past two years having a dedicated Minister of Petroleum Resources (Gas) – Rt Hon. Ekperikpe Ekpo. Remarkable progress has been made by all stakeholders working together towards realizing Nigeria’s ambition of becoming a gas-powered economy by 2030. Notable achievements include:
ii. Increase in gas production: Country Gas production has increased from 6.8 bcfd per day in 2023 to 7.5 bcfd in 2025 with domestic gas supply crossing the 2bcfd threshold for the first time in Nigeria history. Over 1 bcfd of additional gas supply has been unlocked via final investment decisions and firm gas supply agreements with export gas volumes returning to 2021 levels.
ii. Improved Confidence in the Gas to Power sector by Securing Presidential approval for settlement of approximately N185Bn (equivalent of over $500 mln) outstanding 12 year debts owed to gas producers providing gas supply in the Nigerian power sector.
iii. Increased Upstream Investments: Three Final Investment Decisions—Iseni, Ubeta, and HI achieved between 2023- 2025, demonstrating renewed sector-wide investor confidence. This represents over $2 billion mobilised toward a $30 billion investment target by 2030.
iv. Strengthened Global Gas Advocacy Leadership: Nigeria secured top-tier leadership positions within the Gas Exporting Countries Forum (GECF), including:
a. President of the GECF Ministerial Meeting (2026)
b. Secretary-General of the GECF
c. NMDPRA representation on the Executive Board
v. 2025 Domestic Base Price Achievement: A reduction in the domestic gas base price for 2025 from $2.42/ mbtu to $2.13/ mbtu reflecting efforts to maintain affordability while supporting continued investment.
vi. Cooking Gas (LPG) Domestic Growth: Issuance of a ministerial directive mandating increased LPG production to deepen supply to Nigerian households and 2 pilot export redirection programs launched
vii. Cooking Gas (LPG) Grassroots Penetration Programme: Successful conclusion of the nationwide LPG grassroots outreach launch targeting women across all six geopolitical zones. Foundation now completed to launch the 1 million homes per year clean cooking program between 2026-2030.
viii. Midstream & Downstream Gas Infrastructure Fund (MDGIF): Governing Council Approval has been secured for the MDGIF to finance over 20 critical gas infrastructure projects that are essential to sector expansion. This represents over 287 billion Naira investment with over 50% already disbursed and projects at various phases of construction.
- Critical progress on Key infrastructure delivered by NNPCL invluding the AKK line River crossing and mechanical welding completion. ELPs pipeline availability has been over 90% this year supplying gas to industries with OB3 crossing now planned for completion in 2026.
- Over 50 gas utilization projects and their unlocks have now been identified in the midstream and downstream gas sectors that will create over 4 million jobs once completed in 2030.
Comment here