The Federal Government has signed separate investment agreements with 10 midstream oil and gas companies, unlocking over N165 billion in equity funding to bolster Nigeria’s gas infrastructure.
The funds, disbursed under the Midstream and Downstream Gas Infrastructure Fund (MDGIF), will go directly to Original Equipment Manufacturers (OEMs) vetted by the MDGIF, ensuring compliance with industry standards and project timelines.
At the signing ceremony in Abuja, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, described the agreements as a major milestone in President Bola Tinubu’s gas sector agenda. He noted that the initiative reflects the government’s resolve to unlock the country’s full gas potential and position Nigeria as a leader in the global energy transition.
“This is a resounding affirmation of the President’s visionary leadership and dedication to building a resilient, gas-powered economy,” Ekpo stated. “With the inclusion of these 10 equity partners, we are injecting this vehicle with the fuel it needs—confidence, capital, and strategic collaboration.”
The move is expected to significantly deepen Nigeria’s gas value chain, spur industrialization, and create thousands of jobs while promoting cleaner energy solutions.
