Ibom LNG & Logistics Base Limited has secured a $700 million financing deal with Securo Investment Group to develop a 100 Million Standard Cubic Feet per Day, Liquefied Natural Gas facility in Akwa Ibom State, Nigeria. The signing took place at Abu Dhabi Sustainability Week, positioning the state as a strategic hub for LNG production and downstream industrial growth.
The agreement, executed as a Memorandum of Understanding and financing term sheet, drew top government and financial officials, highlighting strong regulatory and institutional support for Nigeria’s gas-led industrialisation agenda. The financing structure aligns international capital with Nigeria’s strategic gas development objectives, reinforcing confidence in the country’s energy sector.
Once completed, the facility is expected to generate jobs, enhance domestic energy security, promote cleaner fuel substitution, and boost regional exports, driving both economic and developmental impact. The project reflects growing global collaboration between Nigeria, the UAE, Canada, and international investors in large-scale, bankable energy infrastructure.
This $700 million deal marks a decisive step in unlocking Nigeria’s vast gas potential and accelerating industrial growth. With Akwa Ibom set to emerge as a key LNG hub, the project strengthens Nigeria’s energy transition ambitions while attracting critical foreign investment into the nation’s strategic infrastructure.
