NNPC Unveils Gas Master Plan 2.0 to Attract $60 Billion Oil & Gas Investment in Nigeria
The Nigerian National Petroleum Company Limited (NNPC) unveils the Gas Master Plan 2.0, targeting $60 billion in investments in the oil and gas sector. The plan, launched on January 30, 2026, aims to accelerate gas development in Nigeria.
NNPC's Chief Corporate Communications Officer, Andi Odeh, highlighted the plan's focus on unlocking Nigeria's vast gas potential to position the country as a global gas hub. The plan includes increasing national gas production to 12 billion cubic feet per day by 2030 and attracting investments across the oil and gas value chain.
The initiative aligns with the government's energy transition agenda and aims to enhance economic growth. Industry stakeholders, including the Independent Petroleum Producers Group and TotalEnergies Upstream Company, have expressed support for the plan.
Additionally, the Nigerian Upstream Petroleum Regulatory Commission recently announced the opening of 50 blocks for exploration in five sedimentary basins as part of the country's oil and gas development strategy.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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