The Federal Government has projected that Nigeria could attract as much as $60 billion in new investments as it intensifies efforts to expand its gas sector and position the country as a global hub for cleaner energy.
Officials disclosed that the anticipated inflow would come from both local and international investors, driven by renewed policies aimed at unlocking opportunities in liquefied natural gas (LNG), domestic gas utilization, and export infrastructure.
According to the Ministry of Petroleum Resources, the expansion plan is part of Nigeria’s broader energy transition agenda, designed to harness abundant gas reserves while reducing dependence on crude oil revenues.
Industry experts have welcomed the projection, noting that massive investments in pipelines, processing plants, and distribution networks could boost industrial growth, create thousands of jobs, and enhance Nigeria’s foreign exchange earnings.
The government stressed that sustaining investor confidence will require policy stability, improved regulatory frameworks, and robust security for energy assets.
Leave a Reply