Wale Edun: Nigeria on path to achieve gas production target of 10bscfd by 2030

Wale Edun, minister of finance, has reaffirmed Nigeria’s ambition of producing 10 billion standard cubic feet (bscf) of gas per day by 2030.

The minister spoke on Thursday during a meeting with the management of Nigeria LNG (NLNG) Limited in his office in Abuja.

According to a statement by Mohammed Manga, the ministry’s director of information and public relations, the meeting brought together key stakeholders to discuss crucial issues aimed at shaping Nigeria’s gas industry future, including production targets, investment climate, and ongoing reforms.

“As Nigeria continues to push the boundaries of its energy potential, this meeting marks a critical milestone in the country’s journey towards achieving its gas production targets by 2030,” the statement reads.

“With renewed focus and determination, Nigeria is poised to unlock its vast energy resources and drive economic growth in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.”

Speaking during the meeting, the minister reaffirmed “Nigeria’s ambition of producing 10 billion standard cubic feet of gas per day by 2030”.

Furthermore, he cited recent agreements, including the deepwater deal with TotalEnergies, as proof of progress toward a more competitive and investor-friendly environment.

“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,” Edun said.

The minister also assured stakeholders that reforms, including the rollout of digital trade systems, will consolidate oversight, eliminate inefficiencies, and ensure fairness.

“We want a transparent, technology-driven environment where investors can operate with confidence,” Edun said.

On his part, Philip Mshelbila, NLNG chief executive officer (CEO), highlighted increased gas supply, improved security on the Trans-Niger pipeline, and capacity utilisation rising above 70 percent.

On infrastructure, Mshelbila reported advances on the Bodo-Bonny Road, calling for an extension to the east-west highway under the tax credit scheme.