The Nigerian Gasoline Affiliation (NGA) has said that Nigeria’s gas-led vitality transition technique is gaining important world traction, as evidenced by over $5 billion in new investments recorded within the sector as of 2024.
In response to the Information Company of Nigeria (NAN), this was disclosed by the President of NGA, Akachukwu Nwokedi, throughout a press convention held on Saturday in Lagos, forward of the twenty ninth World Gasoline Convention (WGC 2025), scheduled to happen from Could 19 to Could 23 in Beijing, China.
In response to Nwokedi, the current wave of investments cuts throughout important areas of the fuel worth chain, together with infrastructure improvement, floating liquefied pure fuel (LNG) amenities, fuel processing vegetation, and home utilisation tasks.
“These investments are a transparent sign that Nigeria is making tangible progress in turning into a key participant within the world fuel market,” he mentioned.
He attributed the funding confidence to current coverage reforms initiated underneath the administration of President Bola Ahmed Tinubu.
These embody Govt Orders targeted on oil and fuel operations, substantial progress on the Ajaokuta-Kaduna-Kano (AKK) fuel pipeline, and the rollout of the Decentralised Gasoline Distribution Framework.
Regulatory Help and Non-public Sector Participation
The NGA president lauded the Nigerian Upstream Petroleum Regulatory Fee (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for his or her pivotal roles in making a conducive surroundings for funding. In response to him, their work has helped enhance the business viability of fuel, streamline home pricing, and enhance investor confidence.
He additionally praised NNPC Ltd. and its management underneath Bayo Ojulari for pushing ahead transformative initiatives within the fuel sector, together with efforts to cut back methane emissions and improve security in Compressed Pure Gasoline (CNG) utilization.
Gasoline as a Transition Gasoline
“With 209 trillion cubic ft of confirmed reserves and the potential to succeed in 600 TCF, Nigeria is positioning fuel because the cornerstone of its vitality transition technique,” Nwokedi said.
He emphasised that pure fuel stays Nigeria’s most viable answer to handle vitality poverty whereas sustaining a dedication to emissions discount.
“We should make sure the transition works for us. Gasoline is our greatest choice to fight vitality poverty whereas decreasing emissions,” he added.
Nigeria’s Presence at WGC 2025
Nwokedi introduced that Nigeria will characteristic prominently on the WGC 2025 by the institution of a devoted “Nigeria Pavilion.” This showcase will spotlight the nation’s milestones within the fuel sector, present visibility to native gamers, and promote funding alternatives in alignment with the federal government’s “Decade of Gasoline” agenda.
“This platform isn’t just symbolic; it’s strategic. It signifies Nigeria’s readiness to take its rightful place within the world fuel ecosystem—not solely as a resource-rich nation but in addition as a major funding vacation spot,” he mentioned.
The Pavilion will host authorities officers, prime business stakeholders, and worldwide buyers, spotlighting main tasks in infrastructure, processing, and fuel distribution. In response to Nwokedi, it should additionally foster important partnerships in financing, know-how switch, and off-take agreements.
Past vitality transition targets, the NGA boss emphasised the broader financial advantages of gas-led progress, citing job creation, industrialization, cleaner vitality entry, and nationwide transformation as among the potential outcomes.
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