Nigeria’s domestic gas market recorded a significant increase in sales, rising by about 30 per cent between January 2022 and January 2025, driven by reforms under the Petroleum Industry Act 2021 and recent executive orders by President Bola Tinubu, according to a legal analysis by Tope Adebayo LP.
The Lagos-based full-service law firm said in a statement made available to our correspondent that the reforms have improved regulatory clarity, fiscal attractiveness and investor confidence across the gas value chain, even as infrastructure gaps and implementation challenges continue to slow the pace of growth.
It stated that Nigeria, which holds more than 206 trillion cubic feet of proven gas reserves, has long struggled to convert its resource base into domestic energy supply due to underinvestment, weak infrastructure and gas flaring.
According to data cited in the report, domestic gas sales rose from 49.3bscf in January 2022 to 64.2bscf in January 2025,
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