Elumelu acquires additional £53.2m shares in Seplat

Ogedegbe stressed that scaling infrastructure remains key to expanding energy access for households, businesses, and industries and called for targeted government support. He said interventions such as the Midstream and Downstream Gas Infrastructure Fund, MDGIF, could catalyse private capital into critical midstream and downstream gas assets.

Also speaking, Mr Adeleye Falade, Managing Director of Nigeria LNG Ltd., said Nigeria is rich in natural gas but faced infrastructure deficits that limited the utilisation of its resources. Falade who unveiled the plant, said NLNG produced about 500,000 tonnes of LPG in 2025, representing about 40 per cent of the country’s demand. He said demand was growing, making additional storage, transportation and distribution infrastructure necessary to strengthen domestic supply. Falade said NLNG planned to increase its LPG production capacity by 50 per cent by the end of 2027.

The NLNG boss explained that the terminal’s connection to three Apapa jetties would provide multiple marine supply points and reduce reliance on less efficient supply routes.

Falade, however, said increased storage capacity alone did not automatically translate to lower retail LPG prices, which also depended on product supply, import costs, transportation, exchange rates and other distribution costs.

Giving an insight into the project, Managing Director of Asiko Energy, Mr Felix Ekundayo, said the company overcame significant engineering and construction challenges to deliver the project.

Ekundayo said the project involved about 6,000 tonnes of steel, 4,000 truckloads of sand and 1,500 stone columns drilled to 13.5 metres for ground improvement.