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 Fuel 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 gasoline worth chain, together with infrastructure improvement, floating liquefied pure gasoline (LNG) amenities, gasoline processing vegetation, and home utilisation tasks.
“These investments are a transparent sign that Nigeria is making tangible progress in changing into a key participant within the international gasoline market,” he mentioned.
He attributed the funding confidence to current coverage reforms initiated beneath the administration of President Bola Ahmed Tinubu.
These embrace Govt Orders targeted on oil and gasoline operations, substantial progress on the Ajaokuta-Kaduna-Kano (AKK) gasoline pipeline, and the rollout of the Decentralised Fuel Distribution Framework.
Regulatory Help and Personal 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 atmosphere for funding. In response to him, their work has helped enhance the business viability of gasoline, streamline home pricing, and enhance investor confidence.
He additionally praised NNPC Ltd. and its management beneath Bayo Ojulari for pushing ahead transformative initiatives within the gasoline sector, together with efforts to cut back methane emissions and improve security in Compressed Pure Fuel (CNG) utilization.
Fuel as a Transition Gasoline
“With 209 trillion cubic ft of confirmed reserves and the potential to achieve 600 TCF, Nigeria is positioning gasoline because the cornerstone of its power transition technique,” Nwokedi said.
He emphasised that pure gasoline stays Nigeria’s most viable answer to deal with power poverty whereas sustaining a dedication to emissions discount.
“We should make sure the transition works for us. Fuel is our greatest choice to fight power poverty whereas lowering emissions,” he added.
Nigeria’s Presence at WGC 2025
Nwokedi introduced that Nigeria will characteristic prominently on the WGC 2025 by way of the institution of a devoted “Nigeria Pavilion.” This showcase will spotlight the nation’s milestones within the gasoline sector, present visibility to native gamers, and promote funding alternatives in alignment with the federal government’s “Decade of Fuel” agenda.
“This platform is not only symbolic; it’s strategic. It signifies Nigeria’s readiness to take its rightful place within the international gasoline ecosystem—not solely as a resource-rich nation but additionally as a primary funding vacation spot,” he mentioned.
The Pavilion will host authorities officers, prime business stakeholders, and worldwide traders, spotlighting main tasks in infrastructure, processing, and gasoline distribution. In response to Nwokedi, it would additionally foster important partnerships in financing, expertise switch, and off-take agreements.
Past power transition targets, the NGA boss emphasised the broader financial advantages of gas-led development, citing job creation, industrialization, cleaner power entry, and nationwide transformation as a number of the potential outcomes.
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