In a bold step towards achieving energy security and driving industrial expansion, the Federal Government of Nigeria has revised its gas production target upward from 10 billion cubic feet per day (bcf/d) to an ambitious 12bcf/d by the year 2030. The announcement came through the Special Adviser to the President on Energy, who was represented by Team Lead, Gas, Mr. Lateef Biobaku, during a strategic engagement with over 100 gas off-takers organized by Shell Nigeria Gas (SNG) in the Agbara Ota industrial zone of Ogun State.
The engagement, held with key industrial stakeholders, served as a platform to reaffirm the administration’s energy vision while also underlining its commitment to boosting local industries through reliable gas supply. According to a statement from SNG, Biobaku conveyed the government’s resolve to harness the nation’s gas potential to fast-track economic diversification, drive industrialisation, and attract vital investments.
“Our vision is to unlock Nigeria’s energy potential to help fuel economic growth, drive industrialisation and help diversify our economy. The aim is to attract investments to help raise oil and gas production to 4 million barrels per day and 12 billion cubic feet of gas per day by 2030,” the statement quoted the Minister.
The new target reflects a significant shift in focus as the government moves to strengthen the role of natural gas as a key enabler of its energy transition and economic development agenda. With Nigeria's proven gas reserves estimated at over 200 trillion cubic feet, analysts believe the new benchmark is not only achievable but necessary.
In 2024 alone, Nigeria generated approximately N8.6 trillion from natural gas production, a testament to the growing relevance of the sector. According to figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country produced a total of 2.5 trillion cubic feet (TCF) of gas, out of which 1.44TCF was associated gas – the type typically found alongside crude oil.
As Nigeria continues to position itself as a leading gas-producing nation, this recalibrated target is expected to open up new opportunities for investment, create thousands of jobs, and provide cleaner, affordable energy to households and industries across the country.