The Nigerian Gas Association (NGA), has reiterated its unwavering commitment to advancing Nigeria’s industrialization, economic diversification, and sustainable growth through a gas-powered transformation agenda.
Speaking at the 15th Annual Conference and Exhibition of the Nigeria Liquefied and Compressed Gases Association (NLCGA) held recently in Lagos, Mr. Akachukwu Nwokedi, President of the NGA and African Regional Director of the International Gas Union (IGU), commended the NLCGA for its pivotal role in accelerating gas utilization, market innovation, and the nation’s energy transition drive.
Delivering the NGA’s goodwill message, Mr. Nwokedi reaffirmed that since its founding in 1999, the Association, chartered under the IGU, has been at the forefront of positioning gas as the cornerstone of Nigeria’s economic renaissance.
“Gas remains the bridge between Nigeria’s hydrocarbon heritage and its sustainable, industrialized future,” Mr. Nwokedi declared. “This year’s conference theme, ‘Gas – Economic Diversification & Private Sector Growth,’ captures the NGA’s enduring mission to harness our vast gas endowments for inclusive development, job creation, and enhanced national competitiveness.”
He underscored the transformative impact of Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) in expanding energy access, powering industries, fueling transport systems, and improving quality of life across communities.
“The exponential growth of the LPG and CNG sectors exemplifies how private-sector innovation and investment can fast-track the objectives of Nigeria’s Decade of Gas and deliver measurable social and economic benefits,” he added.
Reinforcing the NGA’s five strategic pillars; Advocacy, Investment Promotion, Standards and Best Practices, Capacity Building, and Industry Resource Excellence, Mr. Nwokedi emphasized the Association’s continued collaboration with government, regulators, and investors to strengthen policy frameworks and deepen value-chain capacity. He commended the Tinubu Administration for initiatives such as the Presidential CNG Initiative, the Decade of Gas Programme, and the Presidential Directives on Gas, describing them as “vital enablers of renewed momentum in gas policy and private participation.”
However, he cautioned that unlocking Nigeria’s full gas potential requires decisive attention to infrastructure deficits, financing gaps, non-cost-reflective pricing, and security challenges.
“Nigeria’s gas opportunity is immense, but its realization demands clarity, consistency, and collaboration. We must now move from policy intent to performance,” he urged.
As African Regional Director of the IGU, Mr. Nwokedi highlighted Nigeria’s growing leadership in shaping Africa’s gas narrative and global energy transition discourse. He further applauded the NLCGA for 15 years of exemplary advocacy and partnership.
“True diversification will arise from reliable energy systems, efficient markets, and an empowered private sector,” he concluded. “The NGA remains a steadfast partner in building a gas-based economy that delivers inclusive and sustainable prosperity.”
On other news,
For Africa to unlock full potentials of her extractive industry especially
hydrocarbon resources, regional governments must deepen regulatory reforms, promote fiscal transparency and align investment incentives with global standards, while also building regional partnerships to share critical infrastructure and mitigate security threats.
Africa’s oil and gas sector, though rich in natural reserves, continues to lose billions in potential revenue due to chronic infrastructure gaps, according to Deloitte’s latest West Africa Oil and Gas Outlook 2025.
Deloitte, further identified five interlinked challenges facing the oil and gas sector on the African continent.
According to its 2025 Deloitte West Africa Oil and Gas Outlook, they are constrained access to funding for independents, a persistent cost premium effect, ongoing security threats to critical infrastructure, limited regulatory collaboration and insufficient enabling infrastructure.
While some of these issues are structural and longstanding, the report highlighted that others have been exacerbated by new political, economic, and energy transition dynamics.
Together, these challenges define a uniquely African landscape for 2025, one that demands adaptive thinking and long-term resolve.
Meanwhile, the report says access to capital remains the most defining pressure point for the region’s independent oil producers.
“While international oil companies (IOCs) continue to operate with deep financial buffers and global portfolio balance sheets, African independents face tightening margins and investor hesitancy.
The ESG [Environmental, Sustainability and Governance] pressures, divestment from fossil fuels, poor corporate governance practices, and perceived regulatory and political risks in African markets have made capital both scarce and expensive”, the report mentioned.
According to the report, this capital drought has led to a concentration of additional investments among those few big players with access.
Beyond financing constraints, Deloitte underscored that the lack of cross-border regulatory collaboration and the limited development of enabling infrastructure, including pipelines, refineries and storage facilities, continue to impede efficiency and value addition within the sector.
The report concluded that for Africa to unlock the full potential of its hydrocarbon resources, governments must deepen regulatory reforms, promote fiscal transparency and align investment incentives with global standards, while also building regional partnerships to share critical infrastructure and mitigate security threats.
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