The unveiling, held at the NNPC Towers in Abuja on Friday, 30th January, 2026 marks a strategic inflection point in Nigeria’s energy transition journey, underscoring government’s resolve to translate the nation’s vast gas endowment into tangible economic value, infrastructure expansion, and global competitiveness, in alignment with its long-term development aspirations.

Speaking at the event, the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, described the Gas Master Plan as a deliberate pivot from policy articulation to disciplined execution, anchored on commercial viability and integrated sector-wide coordination.

“Today’s launch is not merely the unveiling of a document; it represents a deliberate shift towards a more integrated, commercially driven, and execution-focused gas sector, aligned with Nigeria’s development aspirations. Nigeria is fundamentally a gas Nation. With one of the largest proven gas reserves in Africa, our challenge has never been potential, but translation: translating resources into reliable supply, infrastructure into value, and policy into measurable outcomes for our economy and our people. The Gas Master Plan speaks directly to this challenge.”

Ekpo further noted that the Plan’s strong focus on supply reliability, infrastructure expansion, domestic and export market flexibility, and strategic partnerships aligns seamlessly with the Federal Government’s Decade of Gas Initiative, positioning natural gas as the backbone of Nigeria’s energy security, industrialisation, and just energy transition.

In his address, the Group Chief Executive Officer, NNPC Ltd, Engr. Bashir Bayo Ojulari, described the NNPC Gas Master Plan 2026 as a bold, effective execution-anchored roadmap designed to unlock Nigeria’s immense gas potential and elevate the country into a globally competitive gas hub.

Ojulari noted that with about 210 trillion cubic feet (Tcf) of proven gas reserves and an upside potential of up to 600 Tcf, Nigeria possesses one of the most consequential hydrocarbon basins in the world; one reinforced by the Petroleum Industry Act (PIA) and the Federal Government’s gas-centric energy transition agenda.

“The Plan is structured not just to deliver – but to exceed- the Presidential mandate of increasing national gas production to 10 billion cubic feet per day by 2027 and 12 billion cubic feet per day by 2030, while catalysing over 60 billion dollars in new investments across the oil and gas value chain by 2030.”

He explained that the Plan prioritises cost optimisation, operational excellence, and systematic advancement of resources from 3P to bankable 2P reserves, while strengthening gas supply to power generation, CNG, LPG, Mini-LNG, and critical industrial off-takers.

Reaffirming his personal commitment as Chief Sponsor of the initiative, the NNPC Ltd GCEO stressed that the Company had adopted a more collaborative, investor-centric approach in shaping the NGMP 2026, with strong alignment to industry stakeholders, partners, and investors.

In a goodwill message at the occasion, the Chairman of the Independent Petroleum Producers’ Group, IPPG, and CEO of Aradel Holdings, Mr. Adegbite Falade, said: “This is giving a shot in the arm to the economy which will bridge the gap between intent and reality. Gas thrives on value chain, from upstream to offtakers. As IPPG members, we reiterate our commitment and support to this initiative.”

Also lending his voice to the initiative, the chairman of the Oil Producers Trade Section, OPTS, and MD of TotalEnergies Upstream Companies in Nigeria, Matthieu Bouyer, thanked the NNPC Ltd for the ambition behind the NNPC GMP, stressing that his organisation supports the core operating principles of the Plan.

The Gas Master Plan 2026 is expected to serve as the definitive framework for coordinated gas sector development, execution discipline, and value creation over the next decade.

The Gas Master Plan 2026 is an offshoot of the Nigerian Gas Master Plan (NGMP) 2008, which is a strategic framework aimed at maximizing the economic benefits from the country’s abundant gas resources.

Another significant dimension to the NGMP 2026 is the utmost attention to full alignment with the Nigerian Decade of Gas Programme.

READ ALSO: 

LIRS extends deadline for filing of annual returns

Police kill four bandits in shootout in Benue

NCC committed to continuous improvement of digital ecosystem -Maida

Lagos’ll support NCC for economic growth, Sanwo-Olu promises

PSC appoints one DIG, promotes two AIGs, 26,119 Inspectors

NELFUND extends application deadline for 2025/2026 session

Fuel: Dangote refinery affirms capacity to supply more than enough

FG approves ₦1trn metro rail service for Kano

Attacks against journalists: MRA identifies police as worst offenders

Court remands farmer for allegedly defiling two minors

FGBMFI Nigeria unveils logo for 2026 Lagos national convention

Alleged terrorism: Rescued victims filed complaints against Tukur Mamu -DSS witness

Atiku Abubakar’s cognitive dissonance, By Sunday Dare

The post NNPC Ltd unveils Gas Master Plan 2.0 appeared first on Frontpageng.

The authority’s Chief Executive, Mr Saidu Mohammed, stated this on Sunday in Ogbele community, Ahoada East local government area of Rivers, during an inspection of Aradel Holdings Plc facilities.

Mohammed attributed the expected price reduction to rising supply, increased competition and sustained private sector investments in the oil and gas sector.

According to him, Nigerians are gradually moving towards affordable energy as improved supply continues to drive price stability.

“The more supply we have, the lower the price, and this is already evident as petrol has dropped from about N1,000 to N800 per litre due to competition,” he said.

Mohammed explained that the removal of fuel subsidy had allowed market forces to function properly, improving efficiency across the downstream sector.

“Sustained competition, rather than subsidies, will guaranty adequate supply of petrol and gas at affordable prices for Nigerians,” he added.

He stressed the need for additional refineries with advanced conversion capacity to produce diesel, fuel oil, naphtha, LPG and petrol.

The NMDPRA chief said Nigeria’s ambition extended beyond local consumption to exporting petroleum products to Africa, Europe and the Americas.

“However, domestic demand must first be adequately met by local operators before large-scale exports can commence,” he said.

Mohammed noted that President Bola Tinubu strongly supported a free-market economy, recalling that subsidy removal was the president’s first major policy decision.

According to him, the policy unlocked private sector participation and stimulated investments across the oil and gas value chain.

On the state-owned refineries, Mohammed said their operational conditions largely remained the responsibility of the Nigerian National Petroleum Company Limited, NNPCL.

NMDPRA, he said, was engaging NNPCL to ensure the delivery of crude oil and petroleum product to the Port Harcourt and Warri refineries reserves.

“Delivery of products to the reserves and restoring loading activities at the refineries will boost local economies and revive product distribution within host communities.

“Once product loading resumes, Nigerians will begin to feel the economic impact, even before full refinery operations,” he said.

Mohammed added that Nigeria’s economic growth depended heavily on the rapid expansion of locally owned midstream assets.

He said facilities inspected during his three-day operational tour across Rivers demonstrated that Nigerians had the capacity to design, finance, build and sustainably operate world-class energy infrastructure.

He singled out Aradel Holdings, nothing that the company had proven that Nigerians could efficiently operate a refinery sustainably without foreign operatorship.

Mohammed disclosed that Aradel’s ongoing expansion would enable the loading of petrol from its facility before the end of 2027.

“Aradel has supplied gas to Nigeria Liquefied Natural Gas (NLNG) for about 13 years, alongside also operating an 11,000-barrels-per-day refinery.

“The company also runs a virtual gas pipeline, producing compressed natural gas distributed across several parts of Nigeria,” he said.

He urged further investments in refining, noting that the Dangote Refinery alone could not meet domestic, continental and global demand.

He described the midstream sector as Nigeria’s strongest driver of economic growth, capable of stimulating manufacturing, power generation, transportation and other productive sectors.

Mohammed gave the assurance that the NMDPRA would continue to provide regulatory incentives to attract large-scale investments into the midstream sector.

Responding, Managing Director of Aradel Holdings, Mr Adegbite Falade, thanked NMDPRA for its regulatory support and confidence in operators.

Falade said the company remained committed to expanding refining capacity, commercialising gas and eliminating routine gas flaring.

“We are not overwhelmed by rising demand, as the company is already expanding its refining capacity beyond current levels.

“Aradel aims to be part of the long-term solution to Nigeria’s energy supply challenges. Nigerians should expect continued scaling, local value addition and prioritisation of domestic energy needs,” he said.

Source: NAN

READ ALSO:

Police rescue kidnap victim in Oyo

NDLEA intercepts Brazilian lady with N3b heroin in coffee packs

Kano Speaker, 21 other lawmakers resign from NNPP

Police launch investigation into illegal clinic linked to maternal death

The last nuggets of wisdom from Bob Marley…

Police arrest 14 over alleged unlawful assembly in Ogun

WHO says US withdrawal makes ‘the world less safe’

NGX transactions decline by 23.6% in weekly trading

Trump threatens Canada with 100% tariff over pending trade deal with China

The post Prices of petrol, diesel, LPG will continue to fall –FG appeared first on Frontpageng.