Nigeria's gas sector is at a critical juncture, according to Nneka Arowolo, Group Managing Director of Levene Energies Limited. She emphasizes that without credible demand, the country will struggle to attract the billions necessary to bolster its gas infrastructure. Arowolo's comments come amid ongoing discussions about Nigeria's energy transition and the urgent need for investment to meet both domestic and international demands.
The Nigerian government has made strides in policy reforms aimed at enhancing the gas sector's viability. However, persistent challenges, including regulatory uncertainties and inadequate infrastructure, hinder progress. Stakeholders are increasingly vocal about the need for a clear, actionable demand signal to catalyze investment. "Investors are waiting for a clear roadmap that demonstrates sustainable demand," Arowolo noted, underscoring the urgency of the situation.
Looking ahead, Nigeria must prioritize creating a stable environment that encourages investment while fostering a competitive market for gas. By addressing these issues, the country could not only meet its energy needs but also position itself as a key player in the global gas market, driving economic growth and energy security.
