The Nigerian government has taken a significant step towards boosting its natural gas sector, inaugurating the Governing Council of the Midstream and Downstream Gas Infrastructure Fund (MDGIF) on Friday. This council has an ambitious target: to attract a staggering $575 billion in investments.
The MDGIF is a government-led initiative designed to unlock the full potential of Nigeria’s gas reserves. The fund will focus on financing infrastructure projects that improve the transportation, processing (midstream), and utilization (downstream) of natural gas within the country.
Speaking at the inauguration ceremony in Abuja, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, highlighted the council’s crucial role. He described President Bola Tinubu’s confidence in the council’s leadership as “a clarion call to service” for its members.
