Nigeria's Gas Underutilization Costs Jobs and Energy Savings

At a business forum in Abuja, Mr. Kehind Alabi, chairman of the ALDG, highlighted that Nigeria's underutilization of its gas resources is costing jobs and leading to higher energy prices. Despite having Africa's largest gas reserves, Nigeria's resource policies and investor interest remain inadequate.

Mr. Iren Ikenma, director of midstream and downstream gas at the Federal Ministry of Petroleum Resources, represented Rt. Hon. Ekperikpe Ekpo, the Minister of State for Petroleum Resources, and noted that commercial fundamentals in gas distribution must attract investors.

The forum emphasized the urgent need for regulatory certainty and strong infrastructure to unlock long-term value in the gas sector. Hon. Aluko Ahm Yinka, deputy chairman of the House Committee on Gas, reaffirmed the National Assembly's commitment to supporting reforms that will enhance gas access and stimulate investment.

The discussions underscored the importance of bridging the gap between gas abundance and access through collaborative policies across the value chain.