At the 4th Gas Investment Forum in Lagos, Chief Executive Officer of Falcon Corporation Limited, Mrs. Audrey Joe‑Ezigbo, warned that Nigeria’s goal of establishing a liquid and investable domestic gas market by September 2028 is at risk. She cited inadequate infrastructure, weak payment guarantees and poor coordination across the gas value chain as the main threats.
Joe‑Ezigbo said the country must move beyond policy announcements and regulatory reforms to tackle the commercial and infrastructure bottlenecks that prevent gas from reaching customers reliably and investors from recovering their investments.
In her keynote address, titled “Powering Nigeria’s Domestic Gas Market: From Policy Architecture to a Functioning Market,” she outlined five critical requirements for a functional domestic gas market:
- Reliable gas delivery
- Creditworthy demand
- Effective market design
- Wider market access
- Adequate capital and competitiveness
She highlighted that Nigeria already has a solid policy and regulatory framework, including the Petroleum Industry Act, an evolving fiscal regime, the NNPC Gas Master Plan 2026, a Domestic Base Price framework, and a planned transition to a willing‑buyer, willing‑seller market in September 2028. However, she warned that these foundations will count for little without reliable infrastructure, enforceable commercial agreements and confidence in payments across the value chain.
Joe‑Ezigbo urged a shift in priority to implementation and the creation of commercial conditions that can attract sustainable investment, stressing that only then can Nigeria realise its 2028 gas market target.
<small>Source: The Sun Nigeria — read the original story there.</small>
