Nigeria gas fund says projects have attracted ₦1.6tn investment

The Midstream and Downstream Gas Infrastructure Fund says it has approved an estimated ₦671 billion in final investment decisions and catalysed ₦1.6 trillion in total investments in Nigeria’s gas infrastructure. The fund said its portfolio now covers 31 projects and 205 infrastructure assets. The projects include compressed and liquefied compressed natural gas stations, gas-processing plants, pipelines, liquefied natural gas facilities and liquefied petroleum gas storage.

According to the material released by the fund, the investments are intended to convert Nigeria’s gas resources into infrastructure capable of supporting industry, transport and energy services. The fund described its role as providing catalytic capital for commercially viable projects. It said this approach was designed to help mobilise additional investment and reduce risks associated with developing gas infrastructure.

The projects are presented as part of a broader effort to turn natural resources into productive assets and economic value. The material said the infrastructure could serve businesses, communities and the wider economy. The fund’s statement did not provide a project-by-project breakdown of the ₦671 billion in approved final investment decisions, nor did it specify the locations or completion status of the 205 assets.

It said the portfolio included facilities supporting compressed gas, liquefied gas, gas processing, pipelines and storage. The fund characterised the activity as an effort to build infrastructure around Nigeria’s gas resources and expand their practical economic use. The statement also described Nigeria’s gas sector as an opportunity extending beyond the country, while providing no further details about regional projects or export arrangements.