The Federal Government says it has settled more than ₦100 billion in outstanding gas debts since January 2026 to strengthen the gas-to-power value chain.
The Special Adviser to the President on Oil and Gas, Mrs Olu Verheijen, disclosed this at the Africa Interviews Sustainability Forum 2026 in Lagos.
She said the settlement was made under the Presidential Power Sector Financial Reforms Programme.
Verheijen attributed the progress to reforms introduced by President Bola Tinubu’s administration 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, while average daily gas production had increased from about seven billion cubic feet to eight billion cubic feet.
The presidential adviser noted that Nigeria had more than 200 trillion cubic feet of proven gas reserves, stressing that the country must translate its resources into reliable energy, industrial growth and job creation.
She also highlighted measures introduced since 2023 to promote the use of liquefied petroleum gas for household cooking, adding that gas remained central to the administration’s economic reform agenda
