NNPC Earmarks N473.8bn for Gas Projects, Loans to Units Reach N939bn
Stories by Emmanuel Addeh in Abuja The Nigerian National Petroleum Company Limited (NNPC) has committed N473.8 billion to major gas infrastructure projects, including the proposed Nigeria-Morocco Gas Pipeline, while N25.7
The Nigerian National Petroleum Company Limited (NNPC) has allocated N473.8 billion to significant gas infrastructure projects, such as the proposed Nigeria-Morocco Gas Pipeline, according to its 2025 Audited Financial Statement (AFS). This investment is being made through NGIC, a wholly-owned subsidiary of NNPC, to fulfill the cash call obligations for the pipeline, inject equity into Anoh Gas Processing Company (AGPC), and finance the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project.
At the end of 2025, N14.4 billion of this facility remained undrawn. Additionally, NNPC's lending to related parties surged to N939.253 billion in 2025, up from N185.544 billion in 2024, marking a staggering 406.2 percent increase.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
