In a pivotal moment for Nigeria’s energy sector, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun engaged in strategic discussions with the management of Nigeria LNG Limited (NLNG) in his office in Abuja today. The meeting brought together key stakeholders to discuss critical issues aimed at shaping the future of Nigeria’s gas industry, including production targets, investment climate, and ongoing reforms.

The Minister reaffirmed Nigeria’s ambition of producing 10 billion standard cubic feet of gas per day by 2030, citing recent agreements, including the Deepwater deal with TotalEnergies, as evidence of progress toward a more competitive and investor-friendly environment. *The President has stabilised the economy and created new opportunities for both manufacturing and energy. As we implement comprehensive tax reforms, your input will be vital in shaping a more attractive business landscape,* he said.

The Minister also assured stakeholders that reforms, including the rollout of digital trade systems, will streamline oversight, eliminate inefficiencies, and ensure fairness. *We want a transparent, technology-driven environment where investors can operate with confidence,* Edun stated.

Dr. Philip Mshelbila, NLNG CEO, updated the Minister on operations, highlighting stronger gas supply, improved security on the Trans-Niger pipeline, and capacity utilisation rising above 70%. On infrastructure, Dr. Mshelbila reported advances on the Bodo-Bonny Road while calling for an extension to the East-West highway under the tax credit scheme.

As Nigeria continues to push the boundaries of its energy potential, this meeting marks a critical milestone in the country’s journey towards achieving its gas production targets by 2030. With renewed focus and determination, Nigeria is poised to unlock its vast energy resources and drive economic growth in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has reaffirmed the government’s commitment to modernising trade systems and boosting revenue as Nigeria Customs Service (NCS) performance continues to exceed expectations.

At the 62nd meeting of the NCS Board in Abuja, Edun announced that Customs generated ₦3.7 trillion in the first half of 2025, 12.5% above budget and 25% higher than the same period last year. He described the performance as *commendable* but emphasised the need for deeper reforms to meet the administration’s ambitious revenue goals.

Central to these reforms is the National Single Window Initiative, a digital trade platform set for full rollout in 2026. Designed to streamline import and export processes, the initiative will cut delays, reduce costs, and boost competitiveness, creating a stronger, more efficient business environment for the private sector.

*The National Single Window will give Customs the speed and capacity to process trade more effectively, boosting revenue and positioning Nigeria as a more attractive hub for investment,* the Minister said.

The board also confirmed governance improvements within the Service, including senior appointments and promotions, to uphold professional standards and strengthen institutional capacity.

The Honourable Minister concluded that these measures reflect President Bola Tinubu’s wider strategy: stabilising inflation and exchange rates while building a transparent, technology-driven trade ecosystem that encourages private investment and drives growth.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has received the Executive Director for

Angola, Nigeria and South Africa (ANSA) Constituency at the World Bank Mrs Zainab Shamsuna Ahmed, weekend for a strategic briefing on Nigeria’s priorities within the Bank’s constituency.

Mrs Ahmed reaffirmed the Bank’s commitment to supporting Nigeria’s development agenda and praised the country’s leadership role in continental forums, including the recently Africa Caucus.

HM Edun emphasised that Nigeria is committed to channelling multilateral support into impactful projects that expand infrastructure, create jobs, and unlock private sector investment. He noted that reforms such as subsidy removal, improved tax collection, and digitisation are already attracting international capital, with new investments in manufacturing signalling renewed confidence in Nigeria’s economy.

*We are targeting GDP growth of up to 7% in the medium term, more than double population growth and significantly raise living standards,* the Minister said. *Our focus is on structural reforms in agriculture, power, and digital infrastructure to build a stronger, more competitive economy.*

The Minister welcomed the World Bank’s continued partnership, stressing that Nigeria’s reform momentum, combined with strategic multilateral support, will lay the foundation for sustainable growth and private sector–led development.