NNPC commits N473.8bn to major gas infrastructure
The NNPC has committed N473.8bn to gas infrastructure projects, including the Nigeria-Morocco and AKK pipelines, its 2025 financial report shows. Read More: https://punchng.com/nnpc-commits-n473-8bn-to-major-gas-infrastructure/
The Nigerian National Petroleum Company Limited (NNPC) has allocated N473.8bn to major gas infrastructure projects in 2025, including the proposed Nigeria-Morocco Gas Pipeline. The funding was provided to NNPC Gas Infrastructure Company Limited, a wholly owned subsidiary of the NNPC, to meet cash call obligations for the transnational pipeline, support an equity injection into Anoh Gas Processing Company, and finance the Ajaokuta-Kaduna-Kano gas pipeline project.
As of December 31, 2025, N25.7bn in interest on the loan facility remained outstanding, with N14.4bn of the loan still undrawn. The project, also known as the African Atlantic Gas Pipeline, aims to connect Nigeria's gas resources to markets along the West African coast, potentially extending to Morocco.
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