FG's ?250 billion gas industry involvement does not result in increased output

The money will be used by the government for infrastructure development, food security, An investigation into the distribution of the fund has been started by the Committee on Gas.Despite the Central Bank of Nigeria's (CBN) ?250 billion Nigeria Gas Expansion Programme (NGEP), the country's gas industry has seen a fall in production.According to trade group The Energy Institute, Nigeria's gas production has increased steadily over time, rising from 39 billion cubic meters (bcm) in 2012 to 49 bcm in 2020.When the gas output abruptly collapsed to 45 bcm in 2021, there was a decline of around 11%, and this year there was an additional loss of 5 bcm when the volume dropped to approximately 40.4 bcm. According to data from the Energy Institute, the decline in production output was traced to a low export volume of liquefied natural gas (LNG), which declined by 16% to 19.6 bcm in 2022.