Unlocking Nigeria’s power sector through the Decade of Gas

Nigeria’s Decade of Gas, which was started in 2021, sought to use its 208 tcf of reserves to fuel exports, industrial expansion, and power production. Five years in, this report evaluates the state of four key pillars: domestic use, infrastructure, exports, and investment. It highlights achievements like the near-completion of the AKK and OB3 pipelines, a 45% share of gas usage by the power sector, and a 2024 gas price increase of 11%. Yet, persistent power sector liquidity challenges remain as GenCos receive less than 40% of payments and over ₦4 trillion in unpaid power sector debts. This midterm review provides a data-driven account of what has changed and what must be done to deliver the 2030 targets.
Click here to download the report.