In the last two years, Nigeria has achieved a remarkable production of at least five trillion standard cubic feet of natural gas, underscoring the country’s vital role in the global energy market and its potential for further economic growth in the energy sector.
A detailed analysis reveals that in 2022, Nigeria produced 2.521 trillion standard cubic feet, a decline from the 2.744 trillion standard cubic feet recorded in 2021. The gas sector’s production in 2023 totaled 2.491 trillion standard cubic feet, reflecting only a 1% decrease compared to 2022.
This data was presented in the latest independent report on the oil and gas industry by the Nigeria Extractive Industries Transparency Initiative (NEITI), which was released to the public in Abuja. The report was shared on Sunday by Chris Ochonu, Assistant Director of Communications & Stakeholders’ Management.
