Abuja, Nigeria – June 3, 2025 — Nigeria is advancing plans for a $25 billion undersea gas pipeline project that would channel its vast natural gas reserves to Europe, reinforcing its ambition to become a major player in global energy supply.
This was disclosed on Monday by Vice President Kashim Shettima during a high-level meeting with executives from the Vitol Group, the world’s largest independent commodity trader, at the Presidential Villa, Abuja.
The Vice President emphasized that President Bola Ahmed Tinubu’s bold economic reforms have strategically positioned Nigeria as a prime destination for foreign investment, especially in the energy sector.
“Most importantly, it is the leadership,” Shettima said. “President Tinubu grew up in that ecosystem — energy and finance. He understands the dynamics and is committed to positioning Nigeria for prosperity.”
The undersea pipeline project is expected to unlock Nigeria’s gas export potential, provide energy security for European nations, and boost Nigeria’s foreign exchange earnings. The government is working closely with international partners to mobilize investment, streamline regulatory frameworks, and fast-track project execution.
Vitol executives expressed confidence in Nigeria’s investment climate and reaffirmed their interest in long-term collaboration, particularly in gas infrastructure and energy trade.
The meeting is part of the federal government’s broader drive to attract sustainable foreign direct investment (FDI) and leverage Nigeria’s energy assets for national development.
