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Federal Government Aims to Boost Daily Gas Production to 12bscf by 2030

In a bid to tackle Nigeria’s energy supply challenges and boost industrialization, the Federal Government has announced plans to significantly increase daily gas production to 12 billion standard cubic feet (bscf) by 2030. This ambitious target was disclosed according to a report by Tribune Online (). The objective is to ensure a reliable energy source for industries, particularly manufacturing sectors, which are crucial for economic growth. The report did not specify whether this target includes existing or new facilities. With this move, the government aims to address the energy deficit that has hindered the development of many industries in the country. According to the Minister of State for Petroleum Resources, Timipre Sylva, the increase in gas production would support the government’s efforts to attain industrial self-sufficiency and improve the overall socio-economic conditions in Nigeria. The minister also emphasized the importance of collaborating with various stakeholders, including the private sector, to achieve this goal.

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