Nigeria sets bold target of 10bn SCF daily gas production by 2030

By Nana Hauwa Musa

Nigeria’s Federal Government has reiterated its commitment to achieving daily gas production of 10 billion Standard Cubic Feet (SCF) by 2030, as part of its broader agenda to reposition the energy sector and attract fresh investment.

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, made this known while receiving the management team of Nigeria Liquefied Natural Gas Limited (NLNG) in Abuja.

The meeting, according to a statement by the Director of Information and Public Relations in the ministry, Mr. Mohammed Manga, centred on production targets, the investment climate, and ongoing reforms within the gas sector.

Edun said Nigeria was already making progress towards a more competitive and investor-friendly energy environment, crediting President Bola Tinubu with stabilising the economy and creating opportunities in both manufacturing and energy.

“As we implement comprehensive tax reforms, your input will be vital in shaping a more attractive business landscape,” Edun said.

In his remarks, NLNG’s Chief Executive Officer, Dr. Philip Mshelbila, briefed the minister on the company’s operations, highlighting improved gas supply, enhanced security on the Trans-Niger pipeline, and infrastructure utilisation levels now above 70 per cent.

He also reported steady progress on the Bodo-Bonny Road and called for the extension of the East-West highway under the tax credit scheme.

“As Nigeria continues to push the boundaries of its energy potential, this meeting marks a critical milestone in the country’s journey towards achieving its gas production targets by 2030.

“With renewed focus and determination, the country is poised to unlock its vast energy resources and drive economic growth in line with the Renewed Hope Agenda of the President Bola Tinubu-led Administration,” Mshelbila said.