Nigeria's MDGIF approves ₦671bn in gas FIDs, catalyses ₦1.6tn investment

Nigeria's Midstream and Downstream Gas Infrastructure Fund (MDGIF) has approved an estimated ₦671 billion in Final Investment Decisions within two years of its first FIDs, catalysing ₦1.6 trillion in total investments across 31 projects and 205 infrastructure assets. This signals accelerated domestic gas infrastructure development, though the breakdown of projects and their operational status remains unclear. The scale of investment suggests a notable push to monetise Nigeria's gas reserves, with implications for domestic energy supply and potential export capacity.