Mkpoikana Udoma
Port Harcourt — In a significant move to accelerate Nigeria’s gas revolution and boost the gas sector, the Federal Government has approved N122 billion in funding for six indigenous companies through the Midstream and Downstream Gas Infrastructure Fund, MDGIF.
This investment, according to the Minister of State for Petroleum Resources (Gas) Mr. Ekperikpe Ekpo, was aimed at strengthening the country’s gas infrastructure, enhancing energy security, and driving economic growth.
The six companies—Asiko Energy Holdings Limited, FEMADEC Energy Limited, Ibile Oil and Gas Corporation, Nsik Oil and Gas Limited, Rolling Energy Limited, and Topline Limited—were selected based on their “outstanding track record and dedication to Nigeria’s gas sector,” according to Ekpo.
Highlighting the significance of the public-private partnerships, the Minister added that this initiative will transform Nigeria’s gas industry, paving the way for greater industrial growth and prosperity.
He said, “This groundbreaking investment demonstrates our unwavering commitment to energy security, economic growth, and the development of Nigeria’s gas infrastructure.”
Ekpo also expressed his gratitude to President Bola Tinubu, stating, “We are immensely grateful to President Bola Tinubu for his leadership in driving these initiatives,” and urged all beneficiaries to “continue their hard work in delivering critical projects that will shape the future of our gas industry.”
