The Nigerian government has confirmed that four major gas developments have reached final investment decision (FID), committing roughly $3.5 billion in capital.
This comes as Abuja presses ahead with its target of lifting daily gas output to 12 billion cubic feet (bcf) by 2030, the Lagos-based The Sun reported on October 4.
Nigeria’s Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo disclosed the milestones during a media briefing in Abuja, naming the Iseni project ($122 million), Ubeta project ($566 million), the HI project ($2 billion) and the Ima project ($800 million) as the four schemes now cleared for execution.
He framed the approvals as proof that “responsible investment can create enduring domestic value, strengthen productive capacity and generate employment,” while underscoring the administration’s push to expand clean-energy access and convert Nigeria’s gas endowment into broad-based prosperity.
Alongside the FID announcements, the minister also said the $3.5 billion Brass Methanol project has moved closer to implementation after resolving its gas sales and purchase agreement, removing a key contractual hurdle that had delayed final go-ahead.
The cluster of decisions comes as Nigeria’s gas output has risen from around 6.8 bcf/day in 2023 to about 7.5 bcf/day in 2025, with officials targeting 10 bcf/day by 2027 and 12 bcf/day by 2030 to meet surging demand from power generation, liquefied natural gas (LNG) trains and downstream industries such as fertiliser and petrochemicals.
The investments align with the Decade of Gas initiative, launched in 2021 to reposition Nigeria as a gas-powered economy by expanding production, midstream infrastructure and domestic as well as export utilization.
Under the broader Gas Master Plan framework, authorities are tracking dozens of projects across the value chain, with some estimates putting total planned investment near $80 billion and identifying around 20 upstream schemes that could collectively add several bcf/day of new supply.
NNPC Ltd has echoed the 12 bcf/day ambition, signalling that coordinated reforms under the Petroleum Industry Act and the Decade of Gas framework are intended to unlock reserves, cut flaring and position Nigeria as a regional gas hub.
