Abuja, Nigeria – President Bola Ahmed Tinubu launches a digital gas trading platform aimed at restoring investor confidence and stabilising Nigeria’s domestic gas market.
The Nigerian Gas Trading, Clearing and Settlement Platform formalises gas transactions through transparent pricing, standardised contracts and guaranteed settlement, marking a shift from informal negotiations to a rules-based marketplace.
In a statement issued on Friday, Presidential spokesperson Ajuri Ngelale says the reform targets long-term capital inflows and industrial growth. “This platform brings credibility and certainty to a sector that has operated for too long without clear benchmarks,” Tinubu says at the Abuja launch.
The system electronically matches buyers and sellers, publishes real-time price data and operates a clearing house that guarantees payments, reducing disputes and supply uncertainty.
Industry analysts say the platform could strengthen government revenue, improve planning and attract private investment into gas-powered manufacturing and energy transition projects.
The Presidency describes the initiative as central to Nigeria’s economic diversification strategy, positioning gas as a bridge fuel for industrialisation and cleaner energy.
