The Nigerian National Petroleum Company Limited committed N473.8bn to gas infrastructure projects in 2025, including the proposed Nigeria-Morocco Gas Pipeline, while N25.7bn in interest on the facility remained outstanding at the end of the year.
The funding was provided to NNPC Gas Infrastructure Company Limited, the oil firm’s wholly owned subsidiary, to meet cash call obligations for the transnational pipeline, support an equity injection into Anoh Gas Processing Company and finance the Ajaokuta-Kaduna-Kano gas pipeline project.
According to NNPC’s 2025 annual financial report analysed on Sunday, N25.7bn in interest on the facility was outstanding as of December 31, 2025.
The report also showed that N14.4bn of the loan facility remained undrawn as of the reporting date.
The report read, “The N473.8bn loan to the NNPC Gas Infrastructure Company Limited, a fully owned subsidiary of the Nigerian National Petroleum Company, was granted to fund the Nigeria–Morocco Gas Pipeline cash call commitments, equity injection to AGPC, and finance the AKK Pipeline Project.”
The report stated that the loan was granted to support the projects, noting that “as at 31 December 2025, N25.7bn interest is outstanding.” It also disclosed that N14.4bn of the facility remained undrawn as of the reporting date.
The disclosure provides fresh insight into NNPC’s financial commitments to the expansion of Nigeria’s gas infrastructure, particularly the proposed Nigeria-Morocco Gas Pipeline.
The cross-border project is expected to transport Nigerian natural gas through several West African countries to Morocco, with the potential to extend supplies to European markets.
The pipeline is expected to improve regional energy access, support industrial development and strengthen gas exports. It could also provide an alternative route to international markets while encouraging investment in gas production and infrastructure across participating countries.
However, the project requires substantial financing, cooperation among participating governments and companies, as well as the development of extensive pipeline infrastructure.
The NNPC report did not provide a breakdown of how much of the N473.8bn facility had been allocated specifically to the Nigeria-Morocco Gas Pipeline.
The facility also covers funding for the Ajaokuta-Kaduna-Kano pipeline and an equity injection into Anoh Gas Processing Company.
The AKK project is a major domestic gas transportation initiative designed to move gas from southern Nigeria to the northern parts of the country, supporting power generation, industrial activities and other gas-consuming businesses.
The NNPC financial statements also showed a significant increase in lending to related parties in 2025.
At the company level, loans to related parties rose to N939.253bn in 2025 from N185.544bn in 2024, representing an increase of N753.709bn, or about 406.2 per cent.
The 2025 balance comprised N211.642bn lent to NNPC Energy Services Limited, N77.588bn to Kaduna Refining and Petrochemical Company, N29.580bn to Port Harcourt Refining Company, N113.327bn to Warri Refining and Petrochemical Company, and N485.173bn to NNPC Gas Infrastructure Company Limited.
