The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has challenged the Nigeria LNG Limited (NLNG) to target a production mark of 10 billion standard cubic feet of gas per day by 2030.
He posed the challenge at a meeting with the management of the NLNG in his office in Abuja today.
The meeting brought together key stakeholders to discuss critical issues aimed at shaping the future of Nigeria’s gas industry, including production targets, investment climate, and ongoing reforms.
Citing recent agreements, including the deepwater deal with TotalEnergies, as evidence of progress toward a more competitive and investor-friendly environment, Edun said: “The President has stabilised 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 also assured stakeholders that reforms, including the rollout of digital trade systems, will streamline oversight, eliminate inefficiencies, and ensure fairness.
“We want a transparent, technology-driven environment where investors can operate with confidence,” Edun stated.
The CEO of the NLNG, Dr. Philip Mshelbila, updated the minister on operations, highlighting stronger gas supply, improved security on the Trans-Niger pipeline, and capacity utilisation rising above 70%.
On infrastructure, he reported advances on the Bodo-Bonny Road while calling for an extension to the East-West highway under the tax credit scheme.
Mohammed Manga, the Director of Information and Public Relations of the ministry, pointed out in a press release: “As Nigeria continues to push the boundaries of its energy potential, this meeting marks a critical milestone in the country’s journey towards achieving its gas production targets by 2030.
“With renewed focus and determination, Nigeria is poised to unlock its vast energy resources and drive economic growth in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.”
