Business Report: World Bank Helps Nigeria Bring Gas Home

The Multilateral Investment Guarantee Agency (MIGA), a political risk insurance and credit enhancement arm of the World Bank Group, has announced its first engagement in Nigeria’s gas sector along with Seven Energy International, an independent Nigerian integrated oil and gas development, production and gas distribution company.

Seven Energy’s processing facility and pipelines have already started delivering gas to three power stations and two manufacturing plants under the deal, which is expected to have a significant impact in a country suffering from a severe energy shortage due to the lack of infrastructure to bring gas to the domestic market.

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