The Gas Investment Forum has projected that Nigeria and other Sub-Saharan countries will contribute 92 per cent of the continent’s total natural gas demand growth by 2050.

Nigeria is also expected to add over 75 billion cubic meters of gas between 2023 and 2050.

To support this growth and encourage further investment in the sector, the association announced the third edition of the Gas Investment Forum 2025, which will take place between October 7-8 in Lagos.

In a letter endorsing the forum, the Ministry of Petroleum Resources reaffirmed the government’s commitment to leveraging GIF 2025 as a strategic platform for stakeholder engagement, investment attraction, and showcasing key initiatives in Nigeria’s gas sector.

The letter signed by the Director (Gas), Ruth Nunghe read, “The Ministry of Petroleum Resources is committed to utilizing this platform to engage with stakeholders, attract investments, and highlight Nigeria’s ongoing initiatives, including the Decade of Gas Initiative, Gas Expansion Programme, the National Hydrogen Initiative, and other programs aimed at fostering gas-based industrialization and revenue diversification,” the letter stated.

She further emphasised the Ministry’s readiness to participate in discussions, explore partnerships, and collaborate with industry leaders to position Nigeria as a global hub for gas investments.

Responding, the Event Director of the Gas Investment Forum, Isesele Osaze, in a statement on Wednesday, commended the government’s support, noting that the event aligns with President Bola Tinubu’s Decade of Gas Initiative and the push for Compressed Natural Gas adoption.

Speaking on the event’s theme, “Charting New Opportunities: For Investment, Growth, and Industrialization,” Osaze explained that it brings a global perspective to discussions on Nigeria’s gas industry.

According to the recently released GECF Global Gas Outlook 2050, natural gas is set to play a crucial role in Africa’s energy security, with Nigeria leading Sub-Saharan Africa’s gas demand growth.

“The region is expected to account for nearly 92% of Africa’s total natural gas demand growth through 2050, underscoring gas’s transformative role in addressing energy and development challenges,” Osaze stated.




https://punchng.com/nigeria-others-to-drive-africas-gas-growth-association/