MDGIF seeks global funds to close $20bn gas infrastructure gap

The Midstream and Downstream Gas Infrastructure Fund (MDGIF) is stepping up efforts to attract international capital for critical gas infrastructure projects as it seeks to help close Nigeria’s estimated $20 billion annual funding gap in the sector.
The Fund is expanding its collaboration with international financial institutions, including a $500 million agreement with the African Export-Import Bank (Afreximbank), as part of efforts to unlock fresh investment and accelerate the development of Nigeria’s vast gas resources.
Executive Director of the MDGIF, Mr. Oluwole Adama, said the gas infrastructure business remains highly capital-intensive and largely unattractive to conventional c...