Nigeria Attracts $5bn for Gas Projects – NGA

Nigeria secured over $5 billion in new investments in its gas sector in 2024, according to the Nigerian Gas Association (NGA), underscoring growing international confidence in the country’s gas-focused energy transition strategy.

Speaking at a press conference ahead of the 29th World Gas Conference (WGC 2025) in Beijing, NGA President Akachukwu Nwokedi announced that recent investments spanned critical areas, including gas infrastructure, floating LNG units, processing plants, and local gas projects.

“These investments clearly show Nigeria’s steady progress toward becoming a major player in the global gas market,” Nwokedi said.

Policy Reforms Driving Growth

The NGA attributed investor interest to recent policy actions by the Tinubu administration. These include new executive orders targeting oil and gas operations, notable progress on the Ajaokuta-Kaduna-Kano (AKK) pipeline, and the introduction of the Decentralised Gas Distribution Framework.

NUPRC and NMDPRA were praised for creating a business-friendly regulatory climate, enhancing the sector’s appeal to investors.

Gas as the Core of Nigeria’s Energy Transition

With 209 trillion cubic feet (TCF) of proven gas reserves—and a potential to reach 600 TCF—gas is being positioned as Nigeria’s anchor fuel for energy transition.

“Gas offers Nigeria the best opportunity to reduce emissions while tackling energy poverty,” Nwokedi emphasized.

Showcasing at WGC 2025

Nigeria will host a dedicated “Nigeria Pavilion” at WGC 2025, highlighting key achievements, supporting local players, and attracting global partnerships in funding, technology, and off-take deals.

According to Nwokedi, gas-led growth has the potential to drive job creation, industrial development, and broader economic transformation—solidifying Nigeria’s place in the evolving global energy landscape.