Gas infrastructure fund attracts N1.6tn private investment
Nigeria’s Midstream and Downstream Gas Infrastructure Fund has leveraged N671bn in public funds to attract about N1.6tn in private investment for 31 projec Read More: https://punchng.com/gas-infrastructure-fund-attracts-n1-6tn-private-investment/
The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has attracted approximately N1.6tn in private investment for Nigeria's gas infrastructure, leveraging N671bn in public funds. The fund supports 31 projects and 205 infrastructure assets across the country, capable of delivering around 475 million standard cubic feet of gas daily when fully operational.
MDGIF Executive Director, Oluwole Adama, made the announcement at the 2026 Annual Conference of the Association of Energy Correspondents of Abuja, highlighting the fund's role in reducing investment risks for private investors. Adama explained that MDGIF transforms projects initially considered unattractive into bankable investments, using its resources to mobilize 2.4 times its own contribution in private capital.
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