Nigeria’s Midstream and Downstream Gas Infrastructure Fund (MDGIF) has attracted about ₦1.6 trillion in private-sector investment for 31 gas infrastructure projects across the country.
The development was disclosed as the Federal Government continues efforts to expand Nigeria’s gas infrastructure and increase the use of natural gas across industries.
According to the latest report, the government has committed about ₦671 billion through the MDGIF, which has helped leverage additional private capital for projects covering different parts of the gas value chain.
The investments are expected to support the development of gas processing facilities, distribution infrastructure and other projects needed to improve the availability of gas for businesses and households.
Nigeria has significant natural gas reserves, but inadequate infrastructure has historically limited the country’s ability to fully utilise the resource. Expanding pipelines and processing facilities is therefore considered important for increasing domestic gas supply and supporting industries that rely on gas for power and production.
The increased private-sector participation also reflects efforts to shift more of the financial burden of infrastructure development away from government funding.
If successfully delivered, the projects could strengthen Nigeria’s domestic gas market, improve supply reliability and create additional opportunities for businesses operating in the energy and manufacturing sectors.
