The Nigerian Gas Association has said that Nigeria’s gas-led energy transition strategy is attracting growing international interest, with over $5 billion in new investments recorded in the sector as of 2024.
NGA President, Akachukwu Nwokedi, revealed this during a press briefing on Saturday in Lagos, ahead of the upcoming 29th World Gas Conference slated for May 19 to 23 in Beijing, China.
“These investments are a clear signal that Nigeria is making tangible progress in becoming a key player in the global gas market,” he said.
“These investments are a clear signal that Nigeria is making tangible progress in becoming a key player in the global gas market,” he said.
He attributed the investment confidence to recent policy reforms initiated under the administration of President Bola Ahmed Tinubu.
These developments include recent Executive Orders targeting improvements in oil and gas operations, notable progress on the Ajaokuta-Kaduna-Kano gas pipeline, and the launch of the Decentralised Gas Distribution Framework, all aimed at accelerating Nigeria’s gas sector growth.
The NGA President praised the Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority for their crucial roles in fostering a favorable investment climate.
He noted that their efforts have enhanced the commercial viability of gas, streamlined domestic pricing, and significantly boosted investor confidence in the sector.
He also lauded NNPC Ltd. and its leadership under Bayo Ojulari for pushing forward transformative initiatives in the gas sector, including efforts to reduce methane emissions and enhance safety in Compressed Natural Gas usage.
“With 209 trillion cubic feet of proven reserves and the potential to reach 600 TCF, Nigeria is positioning gas as the cornerstone of its energy transition strategy,” Nwokedi stated.
He emphasized that natural gas remains Nigeria’s most viable solution for tackling energy poverty, while also supporting the country’s commitment to reducing emissions and achieving a balanced energy transition.
“We must ensure the transition works for us. Gas is our best option to combat energy poverty while reducing emissions,” he added.
Nwokedi announced that Nigeria will have a strong presence at WGC 2025 with the launch of a dedicated “Nigeria Pavilion.”
This platform will showcase the nation’s key achievements in the gas sector, spotlight local industry players, and promote investment opportunities in line with the 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,” he said.
