In a decisive step for Nigeria’s energy sector, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, held strategic talks with the management of Nigeria LNG Limited (NLNG) in Abuja on Friday.
The high-level meeting focused on boosting gas production, attracting fresh investments, and advancing ongoing reforms critical to Nigeria’s energy transition.
Reaffirming Nigeria’s target of producing 10 billion standard cubic feet of gas per day by 2030, Edun cited recent deals, including the Deepwater agreement with TotalEnergies, as proof of growing investor confidence.
“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,” he told NLNG executives.
The Minister assured stakeholders that upcoming reforms, such as the deployment of digital trade systems, will improve transparency, streamline oversight, and cut inefficiencies.
“We want a transparent, technology-driven environment where investors can operate with confidence,” Edun added.
In his update, NLNG Managing Director, Dr. Philip Mshelbila, highlighted improved gas supply, enhanced security along the Trans-Niger pipeline, and capacity utilisation now exceeding 70%.
He also pointed to infrastructure milestones, including progress on the Bodo-Bonny Road, while urging an extension of the East-West highway through the tax credit scheme.
The meeting, stakeholders noted, underscores Nigeria’s renewed determination to unlock its vast gas reserves, strengthen energy security, and accelerate economic growth in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
(Board Room)
