NNPC Earmarks N473.8bn for Gas Projects, Loans to Units Reach N939bn

THISDAYLIVE | 06-10-2026 01:18am |

The Nigerian National Petroleum Company Limited (NNPC) has allocated N473.8 billion to major gas infrastructure projects, including the proposed Nigeria-Morocco Gas Pipeline. The financing was provided to NNPC Gas Infrastructure Company Limited to meet cash call obligations for the pipeline, inject equity into Anoh Gas Processing Company, and fund the Ajaokuta-Kaduna-Kano Gas Pipeline Project. According to NNPC's 2025 Audited Financial Statement, N25.7 billion in interest on the facility remained outstanding at the end of last year, while N14.4 billion of the facility was undrawn as of December 31, 2025. The disclosure highlights NNPC's financial commitments to expanding Nigeria's gas infrastructure, particularly the transnational Nigeria-Morocco pipeline.

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