MDGIF Investment injects over N287bn into Nigerian gas projects, driving energy access, industrial growth, and sectoral development under PIA
MDGIF Investment has committed more than N287 billion to gas infrastructure projects nationwide, significantly advancing energy access, industrial growth, and strategic investment in line with the Nigeria Petroleum Industry Act.
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Nigerian Midstream and Downstream Petroleum Regulatory Authority Chief Executive Farouk Ahmed, represented by Dr. Joseph Tolorunse, revealed the figure at the inaugural ECAN Energy Conference in Abuja, marking four years of the PIA.
He noted that the fund has supported 62 strategic projects across 16 companies and attracted an additional $500 million through a financing partnership with Afreximbank.
Ahmed highlighted notable sector achievements, including the introduction of 18 new regulations, automation of key processes, and increased crude supply to domestic refineries from 20,000 barrels per day in 2023 to over 40,000 bpd in 2025.
Similarly, PMS output from local refineries rose from 1.3 billion litres in 2024 to 3.8 billion litres in 2025.
Major PIA-backed initiatives include UTMFLNG, NLNG Train 7, the AKK and OB3 pipelines, Indorama Corporation, Waltersmith Group refinery expansion, and Supertech Innovation Labs’s methanol plant.
The Authority has also issued 10 gas distribution licences covering 692km of pipelines and 23 refinery establishment licences, expected to add 850,000 bpd of new refining capacity.
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The MDGIF Investment reflects Nigeria’s determination to strengthen its gas sector, enhance industrialisation, and create sustainable energy solutions for the nation.
Quadri Olaitan is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.
