Nigeria Targets 10 Billion SCF Daily Gas Output by 2030
The Nigerian federal government has reaffirmed its ambitious target of producing 10 billion standard cubic feet (SCF) of gas per day by 2030, with fresh assurances that ongoing reforms are positioning the country as a global energy hub. The commitment was made in Abuja by Minister of Finance and Coordinating Minister of the Economy Wale Edun during a strategic meeting with the management of Nigeria LNG Limited (NLNG). The session focused on boosting production, improving the investment climate, and addressing infrastructure gaps in the gas sector.
Edun emphasized that President Bola Ahmed Tinubu’s administration has taken decisive steps to stabilize the economy and encourage private sector growth in manufacturing and energy. He pointed to recent agreements, including the landmark Deepwater deal with TotalEnergies, as proof of Nigeria’s renewed attractiveness to investors.
“The President has stabilized the economy and created new opportunities for both manufacturing and energy. As we implement comprehensive tax reforms, your input will be vital in shaping a more attractive business landscape,” the minister told the NLNG team. The government’s reforms, particularly the rollout of digital trade systems, are designed to eliminate inefficiencies and strengthen transparency. “We want a transparent, technology-driven environment where investors can confidently operate,” Edun stated.
NLNG Managing Director and CEO Dr. Philip Mshelbila briefed the minister on the company’s recent achievements, noting that gas supply had improved alongside security on the Trans-Niger pipeline, while capacity utilization had risen above 70 percent. He also highlighted progress on the Bodo-Bonny Road project and urged the government to extend similar support to the East-West highway under the tax credit scheme.
With stronger reforms, better infrastructure, and closer government-private sector collaboration, Nigeria aims to consolidate its place in the global energy market, driving economic growth in line with the Renewed Hope Agenda.
Source: leadership.ng
