The Federal Government has settled more than N100bn in outstanding gas debts since January 2026 as part of efforts to strengthen gas supply to power plants and improve electricity generation.
The Special Adviser to the President on Oil and Gas, Olu Verheijen, disclosed this on Wednesday while delivering a keynote address at the Africa Interviews Sustainability Forum 2026 in Lagos.
She said the payments were made under the administration’s Presidential Power Sector Financial Reforms Programme.
Verheijen also highlighted government measures introduced since 2023 to encourage the use of liquefied petroleum gas for household cooking, including import duty waivers and zero-rated value-added tax on LPG and gas cylinders.
“A gas-rich nation cannot be comfortable while families remain stuck in the age of firewood,” she said.
According to her, reforms introduced by President Bola Tinubu’s administration are designed to remove investment barriers and unlock Nigeria’s gas resources for electricity generation, industrialisation and economic growth.
She disclosed that Nigeria had recorded four final investment decisions in gas projects in less than two years, including the Ima project in September 2026.
Verheijen added that average daily gas production had risen from about seven billion cubic feet to eight billion cubic feet.
She said Nigeria had more than 200 trillion cubic feet of proven gas reserves but stressed that the country needed sustained investment and a predictable business environment to translate its resources into economic benefits.
“What turns resources into prosperity is investment, consistent investment that responds to predictable incentives and a stable environment,” she said.
The presidential adviser described gas as central to the government’s reform agenda because of its importance to electricity generation, manufacturing, transportation, fertiliser production and cleaner cooking.
On Africa’s energy transition, she said countries on the continent should balance environmental sustainability with energy security, industrial development and job creation.
Verheijen also called for measures to monitor and reduce methane emissions, while ensuring that communities hosting gas projects benefited meaningfully from the sector’s development.
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