Crafting a strategy for private sector initiatives in LNG development in Nigeria

    Paul Igbinoba | Insights | Feb 23, 2026    
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The purpose of this article, a follow-up to last week’s article titled, “Nigeria and the global LNG surge 2026-2030,” is to exhort Nigerian private investors to rise up to the challenge of investing in the Nigerian liquefied national gas (LNG) sector for export. Two key domestic investors have already broken the barrier of massive investment in the oil and gas sector. They are Aliko Dangote, with his behemoth - the highly celebrated $20 billion Dangote Petroleum Refinery and Petrochemicals, a subsidiary of Dangote Industries Ltd.; and Julius Rone, CEO of UTM Offshore Limited, promoter of the $5 billion and Nigeria’s first floating liquefied natural gas plant (FLNG), the construction of which is set to begin in 2026. Leading Nigerian indigenous oil and gas companies like Seplat, Oando, Aradel and Heirs Energies have made tremendous strides in the last decade and are now leading oil and gas companies on the African continent. These indigenous Nigerian companies and investors in the Nigerian oil and gas sector and others like them provide the nucleus of burgeoning investors with potential for massive investment in natural gas liquefaction in Nigeria for export, in collaboration with key international players in the global LNG market like TotalEnergies.

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