Assessing Natural Gas as a Catalyst for Economic Development and Poverty Reduction in Nigeria

This study examines the role of natural gas as a catalyst for economic development and poverty reduction in Nigeria, with a focus on its potential to expand energy access, stimulate industrial growth, and improve livelihoods in both urban and rural areas. Adopting a mixed-methods approach, the research combines survey data from selected states with interviews of policymakers and energy experts, as well as focus group discussions with local community members. The findings reveal that despite policy initiatives such as the "Decade of Gas" and the Petroleum Industry Act (PIA) 2021, the translation of natural gas potential into inclusive economic outcomes remains limited due to infrastructural bottlenecks, policy inconsistency, and regional disparities in gas utilisation. The study highlights the importance of deliberate investments in gas infrastructure, decentralised energy systems, and inclusive policy frameworks that integrate natural gas development with social equity and poverty alleviation. It concludes that natural gas, if properly harnessed, can play a transformative role in Nigeria’s sustainable development agenda by driving industrialisation, improving energy access, and reducing multidimensional poverty. Recommendations include strengthening regulatory implementation, incentivising private sector participation, and integrating gas development strategies into national and subnational poverty reduction programs.

Authors

Publication Details

Journal
Global journal of economic and finance research.
Published
2025-08-26
DOI
https://doi.org/10.55677/gjefr/04-2025-vol02e8
Primary Topic
Oil, Gas, and Environmental Issues
Type
article
Field-Weighted Citation Impact
0.00
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article

Assessing Natural Gas as a Catalyst for Economic Development and Poverty Reduction in Nigeria

Umar Ahmed Bello
Global journal of economic and finance research.
Oil, Gas, and Environmental Issues
article

Assessing Natural Gas as a Catalyst for Economic Development and Poverty Reduction in Nigeria

Umar Ahmed Bello
article en

Abstract

This study examines the role of natural gas as a catalyst for economic development and poverty reduction in Nigeria, with a focus on its potential to expand energy access, stimulate industrial growth, and improve livelihoods in both urban and rural areas. Adopting a mixed-methods approach, the research combines survey data from selected states with interviews of policymakers and energy experts, as well as focus group discussions with local community members. The findings reveal that despite policy initiatives such as the "Decade of Gas" and the Petroleum Industry Act (PIA) 2021, the translation of natural gas potential into inclusive economic outcomes remains limited due to infrastructural bottlenecks, policy inconsistency, and regional disparities in gas utilisation. The study highlights the importance of deliberate investments in gas infrastructure, decentralised energy systems, and inclusive policy frameworks that integrate natural gas development with social equity and poverty alleviation. It concludes that natural gas, if properly harnessed, can play a transformative role in Nigeria’s sustainable development agenda by driving industrialisation, improving energy access, and reducing multidimensional poverty. Recommendations include strengthening regulatory implementation, incentivising private sector participation, and integrating gas development strategies into national and subnational poverty reduction programs.

Global journal of economic and finance research.Vol. 02(08)
Openalex Percentile: Top 86%
Oil, Gas, and Environmental Issues
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