FG Moves to Offset ₦2.7trn Gas Debt as NNPC Reports ₦185bn July Profit
Abuja, Nigeria — August 22, 2025 The Federal Government has unveiled plans to offset an estimated ₦2.7 trillion legacy debt owed to gas companies through royalty payments, according to officials familiar with the policy framework. Details of the repayment mechanism are still being finalized, with implementation expected to be phased. In a related development, the