- Stakeholders demand bankable gas investments to boost investor confidence and sustain the Decade of Gas programme.
- Experts recommend government support, infrastructure funding, and incentives to expand domestic gas usage.
Experts are calling for bankable gas investments to strengthen Nigeria’s energy industry. At the Annual Energy Conference of the Association of Energy Correspondents of Nigeria (NAEC) in Lagos, stakeholders stressed that creating bankable projects is essential to attract capital and drive the Decade of Gas initiative.
During a panel session themed “Accessing Financing and Investment for Gas,” representatives from Neconde Energy Limited, Rainoil Limited, Eterna Plc, and Sahara Group urged the government to make domestic gas projects commercially viable. They explained that when investments are bankable, investor confidence increases, and energy access expands across the country.
Mr Kola Adesina, Managing Director of Sahara Power Group, represented by Mr Bethel Obioma, stated that Africa must adopt collaborative policies and bold reforms. He added that bankable gas investments depend on sound governance, stable regulations, and inclusive partnerships. According to him, these elements ensure long-term growth and energy sustainability.
Furthermore, he noted that technological innovation plays a vital role in diversifying the energy mix. Adesina stressed that sustainability should remain central to all energy strategies. He also urged leaders to support legislation that promotes environmental protection, public safety, and the development of renewable energy.
Engr. Chichi Emenike, Acting Managing Director and Gas Asset Manager at Neconde Energy, highlighted that the commercialising gas projects is critical. She said investors must recover their capital with fair returns to maintain interest in the sector.
Similarly, Mr Olumide Adeosun, Chief Executive Officer of Eterna Plc, discussed barriers that limit cleaner fuel adoption. He lamented the high cost of switching from kerosene and other fuels to gas, especially for low-income households. Therefore, he appealed to the government to subsidise conversion kits and encourage local manufacturing of gas cylinders and cookers.
The panellists also demanded policies that include gas infrastructure in both new and existing estates. They agreed that without last-mile delivery systems, the national gas penetration drive may not succeed.
In conclusion, Nigeria’s transition to a gas-powered economy requires collaboration, innovation, and strong financial structures. Through focused reforms and consistent incentives, the nation can unlock the full potential of its gas sector and achieve sustainable growth.