Nigeria Launches $60 Billion Gas Expansion Drive to Secure Global Energy Markets
At the Gastech Exhibition and Conference, Nigeria’s NNPCL Group CEO Bayo Ojulari unveiled a bold strategy to attract $60 billion in investment over the next 5–7 years. The initiative aims to dramatically scale up national gas infrastructure and elevate Nigeria’s presence in the global energy arena.
Fueling Industrial Growth and Infrastructure Expansion
Ojulari highlighted how these funds will drive industrial development by boosting gas output to 12 billion cubic feet per day, while also expanding refining capacity to meet surging global energy demand. He pointed to Nigeria’s evolution under the Petroleum Industry Act (PIA), which has repositioned NNPCL as a limited liability company opening doors to direct investments and international partnerships.
Mapping Nigeria’s Energy Ambitions
Key projects powering the push include:
- AKK Gas Pipeline (Ajaokuta–Kaduna–Kano)
- Extension of the West African Gas Pipeline reaching into Morocco and Europe
- Expansion of Nigeria LNG infrastructure, currently delivering 60% of Europe’s LNG to Portugal and Spain
- Development of new LNG trains—Train 6 is operational, Train 7 is set for completion in 2026, and Trains 8 and 9 are in the planning stages
These efforts are positioned as foundational to Nigeria’s industrial growth strategy and global energy market integration.
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