NNPC Allocates N473.8bn for Gas Projects and Loans

The Nigerian National Petroleum Company Limited (NNPC) has earmarked N473.8 billion for significant gas infrastructure projects, including the proposed Nigeria-Morocco Gas Pipeline. This financing is aimed at fulfilling cash call obligations for the pipeline, providing equity for Anoh Gas Processing Company, and funding the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project.

As of December 31, 2025, N25.7 billion in interest on the facility was outstanding, with N14.4 billion remaining undrawn. The Nigeria-Morocco Gas Pipeline, also known as the African Atlantic Gas Pipeline, is designed to transport Nigerian natural gas through several West African countries to Morocco, potentially supplying international markets, including Europe.

The AKK pipeline will facilitate gas transportation from southern Nigeria to Abuja, Kaduna, and Kano, supporting local power generation and industrial activities. NNPC's loans to related parties increased dramatically in 2025, rising to N939.253 billion from N185.544 billion in 2024, with significant amounts lent to various subsidiaries.