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Nigeria reaffirmed its commitment to attracting global investment through methane-reduction initiatives during discussions at the Nigeria Oil and Gas (NOG) Energy Week 2026 in Abuja themed: “Achieving Equitable Energy Ambition.”
Speaking at a panel session on Wednesday, Paul Boeffard, Methane Finance Advisor at the Environmental Defence Fund, said that years of policy reforms have positioned Nigeria to seek funding from global investors, particularly through methane mitigation initiatives.
According to Boeffard, the Nigerian National Petroleum Company (NNPC) cannot simply ask investors for funding without presenting a clear investment plan.
“Nigeria is closer to what you think of accessing international capital markets,” he said.
He explained that international investors are more likely to provide funding when they understand exactly how the money will be used.
“An NNPC needs a story. It needs a compelling argument to show investors that they know what they will do with the money.”
Methane Finance Advisor described methane reduction as a major opportunity, noting that Nigeria has already included methane mitigation in its Nationally Determined Contributions (NDC) 2.0 and has committed to ending routine gas flaring by 2030.
He said the first step is to establish a credible record of methane emissions before approaching investors.
“Investors will not lend money to an NNPC if it doesn’t know its methane emissions or the projects it wants to invest in.”
He added that work is already ongoing to measure methane emissions, identify the most polluting assets, and develop financial indicators to strengthen discussions with international financiers.
At @NOGEnergyWeek 2026 in Abuja, Paul Boeffard, a Methane Finance Advisor at the Environmental Defense Fund, says Nigeria’s policy reforms have positioned the country to attract international capital for methane mitigation projects. pic.twitter.com/YC9FSlE6sN
— News Central TV (@NewsCentralTV) July 8, 2026
