The Nigerian Midstream and Downstream Petroleum Regulatory Authority has sought the support of the World Bank to help Nigeria bridge a $22 billion gas infrastructure gap.
This was made known in a statement shared by the NMDPRA on X on Monday.
The agency’s Chief Executive, Saidu A. Mohammed, made the call while delivering remarks at the Decade of Gas Ministerial Roundtable on Regional Gas Development, organised in partnership with the World Bank.
According to the statement, Mohammed emphasised the importance of regional collaboration in advancing gas development across Africa.
“Mohammed reaffirmed that the NMDPRA would continue to provide regulatory support to enable gas infrastructure investments, particularly in areas of pricing, tariff frameworks, and other policy enablers.
“He further called on the World Bank to support efforts to mobilise the estimated $22 billion required to bridge Nigeria’s gas infrastructure gap,” the statement said.
Speaking on the theme “Strategic Areas of Collaboration in Advancing Gas Development with Regional Impact Across Africa,” he noted that the first half of the Decade of Gas Initiative has focused on identifying key enablers required to unlock Nigeria’s gas potential.
These include strengthening supply, stimulating demand, expanding infrastructure, and establishing appropriate pricing frameworks to support the country’s gas-based economic growth.
He stated that the initiative’s second half would hinge on execution, measured by increased gas production, greater investment inflows, expanded pipeline networks, and the commissioning of new gas processing facilities.
