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Nigeria’s gas sector attracts over $5bn in investments
The Nigerian Gas Association (NGA) says the gas sector has attracted more than five billion dollars in new investments as at 2024.
Mr Akachukwu Nwokedi, President of the NGA, disclosed this during a news confe rence on Saturday in Lagos, ahead of the 29th World Gas Conference (WGC 2025) scheduled for May 19 to May 23 in Beijing, China.
He said that the investments meant that there had been growing global confidence in Nigeria’s energy transition strategy.
According to Nwokedi, the investments cut across critical segments of the gas value chain, including infrastructure development, floating liquefied natural gas (LNG) facilities, gas processing plants and domestic utilisation projects.
“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 credited the influx of capital to recent policy reforms introduced by President Bola Ahmed Tinubu’s administration, including new Executive Orders on oil and gas operations, progress on the Ajaokuta, Kaduna, Kano (AKK) pipeline, and the implementation of the Decentralised Gas Distribution Framework.
The NGA president commended regulatory bodies such as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for playing vital roles in facilitating commercialisation and improving the domestic pricing framework for gas.
The NGA boss also reiterated the association’s support for methane reduction and enhanced Compressed Natural Gas (CNG) safety, applauding NNPC Ltd., and its leadership under Mr Bayo Ojulari for championing transformative gas initiatives.
He said, “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.
“We must ensure the transition works for us. Gas is our best option to combat energy poverty while reducing emissions.
Nwokedi noted that the Nigeria Pavilion at WGC 2025 would showcase the country’s progress in the gas sector, highlight investment opportunities, and promote strategic goals under the “Decade of Gas” initiative.
He stressed, “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 added that the Nigeria Pavilion would convene government officials, industry stakeholders, and international partners to spotlight major projects across the gas value chain.
Nwokedi emphasised that the conference would promote Nigerian content champions, offer top-tier networking opportunities and foster critical global conversations on energy transition and sustainability
He noted that the Pavilion’s objective is to attract global investment into Nigeria’s gas infrastructure, processing and distribution projects, while encouraging international collaboration in financing, technology and off-take agreements.
He noted that the initiative would also reinforce Nigeria’s commitment to leveraging gas for sustainable, low-carbon development.
“This isn’t just about gas; it’s about jobs, industry, cleaner energy and national transformation.
“Nigeria is ready. NGA is ready. WGC 2025 is our global stage. Let’s seize it, together,” Nwokedi said.
President Bola Tinubu has congratulated all the winners of Saturday, August 16, by-elections in 16 constituencies across 12 states.
A statement by the presidential spokesman, Bayo Onanuga, stated that the President commended the Independent National Electoral Commission (INEC) for the hitch-free elections, mostly devoid of violence.
Following the results declared by INEC, the All Progressives Congress (APC) won in 12 constituencies, the All Progressives Grand Alliance (APGA) won in two, the Peoples Democratic Party (PDP) won in one, and the New Nigeria Peoples Party (NNPP) won in one.
President Tinubu congratulated the new APC National Chairman, Prof Nentawe Yilwatda, for the emphatic first victory recorded under his leadership.
He also congratulated the APC governors and other leaders on the success of the by-elections.
“Chairman Nentawe Yilwatda has shown leadership capacity and demonstrated what is achievable when popular candidates are fielded and with unity of purpose among party leaders,” the President remarks.
“To all APC faithful and the electorate, thank you for the confidence reposed in our party. Be assured that our Renewed Hope slogan is not a mere slogan. Our destination is a better, more secure and prosperous Nigeria. We shall take you there, by the Grace of God,” he said.
President Tinubu commended all the political parties and candidates who participated in the election and enjoined them to continue to be guided by the spirit of sportsmanship, fair contest and magnanimity, which are enablers of enduring democracy.
The Rivers State Government has disclosed its plan to establish the Rivers State Emergency Management Agency, which will take over the responsibilities of the Central Working Committee on Emergency Preparedness, Flood Management and Control.
The State Administrator, Vice Admiral Ibok-Ete Ibas (Rtd), revealed this during a sensitisation campaign of the Central Working Committee on Flood Management and Control at the Dr. Obi Wali International Conference Centre, Port Harcourt, last Friday.
He explained that the government is engaging the Federal Government and international partners to mobilise resources for improved flood management systems, covering pre-flood measures, interventions during flooding, and post-flood recovery projects, as well as early warning infrastructure.
Ibas, in a statement from the Office of the Secretary to the State Government, last Friday, said the initiative forms part of the state’s proactive strategy to mitigate flooding through awareness, prevention, preparedness, and community participation.
Represented by the Secretary to the State Government, Prof. Ibibia Lucky Worika, the Administrator urged the committee to go beyond responding to disasters and instead anticipate vulnerable areas, reduce the impact of flooding, and equip residents with the knowledge and tools to protect themselves.
He added that the State is enforcing environmental laws to curb indiscriminate refuse disposal, illegal dumping, and construction on flood plains, which worsen flooding incidents.
According to him, effective flood management requires collaboration between the public sector, local communities, civil society, and the private sector, as government alone cannot tackle the challenge.
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