Nigeria has reaffirmed its ambition to produce 10 billion standard cubic feet (bscf) of gas per day by 2030, as part of a broader strategy to unlock its vast energy reserves and drive sustainable economic growth.
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, restated the government’s commitment on Thursday during a meeting with the management of Nigeria LNG (NLNG) Limited at his Abuja office.
According to a statement by Mohammed Manga, the ministry’s Director of Information and Public Relations, the meeting brought together key stakeholders to deliberate on the future of Nigeria’s gas industry—covering production targets, the investment climate, and ongoing reforms.
“As Nigeria continues to push the boundaries of its energy potential, this meeting marks a critical milestone in the journey towards achieving its gas production targets by 2030,” the statement noted. “With renewed focus and determination, Nigeria is poised to unlock its vast resources and accelerate growth in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration.”
Reaffirming the 2030 target, Edun pointed to recent developments, including the deepwater gas deal with TotalEnergies, as evidence of progress towards creating a competitive, investor-friendly environment.
“The President has stabilised the economy and created new opportunities for manufacturing and energy. As we implement comprehensive tax reforms, your input will be vital in shaping a more attractive business landscape,” he said.
The minister further assured stakeholders that ongoing reforms—particularly the rollout of digital trade systems—would consolidate oversight, eliminate inefficiencies, and guarantee fairness. “We want a transparent, technology-driven environment where investors can operate with confidence,” he added.
Philip Mshelbila, Chief Executive Officer of NLNG, provided updates on the company’s operations, noting improvements in gas supply, enhanced security on the Trans-Niger pipeline, and capacity utilisation now exceeding 70 percent.
On infrastructure, Mshelbila highlighted progress on the Bodo-Bonny Road project, while urging for its extension to connect with the East-West highway under the tax credit scheme to further enhance regional connectivity.
