Nigeria calls gas its "transition fuel"—Africa's largest reserves, a declared "Decade of Gas," promises of industrial growth and reliable power. Yet gas flaring continues, power plants lack supply, and industries run on diesel.

Adaora Ugwu, Head of Investment Management at the Nigerian Midstream and Downstream Gas Infrastructure Fund (MDGIF) at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has worked inside Nigeria's energy governance long enough to understand why. We discuss the governance gaps preventing policy from becoming infrastructure, the financing reforms needed to unlock investment, how subsidies and legacy pricing shape today's market, and the uncomfortable question: Is gas a bridge to cleaner energy or a trap?

This is about why Nigeria's gas promise keeps stalling.