Ekpo emphasized the importance of attracting domestic and international investors, financial institutions, and technology providers to ensure the successful delivery of bankable gas projects across the entire value chain. He highlighted that public-private partnerships are essential for bridging financing gaps, improving project preparation, and moving projects from concept to execution.
Nigeria's gas market faces challenges due to limited processing and distribution infrastructure, which increases project costs and restricts access to gas. This makes it difficult for investors to secure reliable supply and predictable returns. However, the Escravos-Lagos Pipeline System (ELPS) and the OB3 gas pipeline are identified as key infrastructure assets that can strengthen domestic gas transmission and support power and industrial development.
Furthermore, the government is pursuing regional gas infrastructure projects, including the West African Gas Pipeline, Trans-Saharan Gas Pipeline, and Trans-Atlantic Gas Pipeline. These initiatives aim to deepen energy cooperation, facilitate cross-border gas trade, and expand reliable energy access across Africa.
The government is committed to creating an investment environment conducive to attracting the long-term capital required by the gas sector. Recognizing that gas infrastructure demands substantial upfront investment and long development periods before returns are realized, private capital is deemed indispensable for the sector's expansion and for supporting Nigeria's energy security and economic development.