Nigeria’s gas reserves rise to 215.29trn cubic feet

Nigeria’s gas reserves increased from 208.83 (TCF) trillion cubic feet in 2023 to 215.29 (TCF) as of January 2026.

The Decade of Gas, in collaboration with the Presidential Initiative on Compressed Natural Gas CNG and Electric Vehicles (PI-CNG & EV), made this known at a media parley in Kano on Thursday, October 22, 2026.

The average gas production rose from 6.86 to approximately 7.5 billion cubic feet per day (BCF/D), with domestic gas supply exceeding two (BCF/D).

The Workstream Lead for Infrastructure and Demand at the Decade of Gas, Taofeek Balogun, said $3.5 billion was committed on investments across four major gas projects.

Balogun said the OB3 Gas Pipeline is about 100 per cent completed, while the AKK Gas Pipeline is approximately 95 per cent completed.

He added that about N671 billion had so far been spent on funding of infrastructure, thereby, attracting N1.6 trillion in private investment.

On cooking gas, Balogun said the LPG programme was targeting five million households by 2030, with the inauguration of the programme in Bayelsa and Akwa Ibom.

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He disclosed that the federal government was targeting September, 2028 to transit to a Willing Buyer, Willing Seller (WBWS) gas market framework, aimed at strengthening market competitiveness, transparency and commercial sustainability.

The Chief Operating Officer of PICNG & EV, Tosin. Coker, while making a presentation on CNG and autogas, highlighted the role of natural gas in reducing transportation costs, improving energy security and supporting Nigeria’s transition to cleaner mobility.

Coker also addressed public concerns about CNG safety, emphasising the importance of certified conversion centres, approved equipment, regulatory compliance and proper vehicle maintenance.

On public transportation, he disclosed that 670 CNG buses had so far been deployed nationwide, including 285 buses operating commercially across 13 states, while 302 buses have been allocated to transport unions, students, and government agencies.