MDGIF engages international investors to unlock Nigeria’s gas potential

Oritsegbubemi Omatseyin

Lagos — Mr Oluwole Adama, Executive Director of the Midstream and Downstream Gas Infrastructure Fund, MDGIF, received representatives of Africa GTC Power and Invest International, a Dutch government public enterprise, in Abuja to explore co funding for a landmark Gas to LPG and power project in Ikwerre, Agbada, Port Harcourt.

The proposed project is designed to repurpose flared gas and expand access to cleaner, more reliable energy for households and industries. It is expected to convert flared gas into up to 25 megawatts of electricity alongside significant volumes of Liquefied Petroleum Gas, thereby supporting domestic energy supply, reducing environmental impact, and advancing Nigeria’s gas commercialisation objectives.

Speaking during the meeting, Mr Adama emphasised the Fund’s commitment to catalyzing strategic investments that deliver measurable socio economic benefits. He noted that the initiative aligns squarely with the core mandates of MDGIF as established under the Petroleum Industry Act 2021, particularly in driving gas infrastructure development, enhancing energy security, and promoting a more sustainable and efficient midstream and downstream sector.