"Infrastructure is and has remained a key challenge. Nigeria has a gross inadequacy of gas infrastructure, and we are not seeing new investments coming into the space. There are of course many reasons behind this.

A key issue is tariff regulation. Regulated gas price limits investors' confidence in the commercial viability of projects. The government still regulates the domestic price of natural gas, an act that many industry players say promotes inefficiency as pegged prices are not reflective of actual costs.


The tariffs must be cost reflective and accommodate acceptable investor returns, and in this regard, the market must be allowed to determine the acceptable and competitive tariff levels that encapsulate value chain cost from production, processing, transportation, and distribution."

- Managing Director of Falcon Corporation Limited, Prof. Joseph Ezigbo 

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