gas supply

Federal government attributes widespread power cuts to gas supply shortfalls affecting thermal generation capacity, as industry experts demand comprehensive reforms and infrastructure investment to unlock the country's 209 trillion cubic feet gas reserves.

President Bola Tinubu has signed an executive order eliminating multiple deductions from oil and gas revenue, targeting an estimated 30% of receipts currently withheld before remittance to the Federation Account.

Nigeria unveiled its Industrial Policy 2025 while confronting ₦8 trillion in annual revenue losses from concessions, as the government pursues trade expansion and energy infrastructure development to stabilize the economy.