Nigeria sets 2030 gas production target of 10bn SCF daily. FG, NLNG discuss reforms, pipeline security, and infrastructure progress

The Federal Government has reaffirmed its commitment to achieving daily gas production of 10 billion Standard Cubic Feet (SCF) by 2030, a key milestone in its broader energy transition and investment drive.

Also read: Industrial & Medical Gases Nigeria Plc Launches N6.39bn Rights Issue

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in Abuja during a meeting with the management team of Nigeria Liquefied Natural Gas Limited (NLNG).

The discussions focused on production targets, investment climate, and reforms aimed at repositioning Nigeria’s energy sector.

Edun credited President Bola Tinubu with stabilising the economy, attracting new investment opportunities, and implementing reforms to make Nigeria’s energy sector more competitive.

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

NLNG Chief Executive Officer, Dr. Philip Mshelbila, provided updates on the company’s operations, including improved gas supply, enhanced security on the Trans-Niger pipeline, and infrastructure utilisation now above 70 per cent.

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

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

Also read: Gas Investment Forum Nigeria 2025 Set to Unlock Billion-Dollar Energy Opportunities

The meeting underscores the government’s determination to leverage gas as a critical driver of industrialisation, economic diversification, and long-term energy security.