The increasing demand for electric power in
Nigeria,due to population and industrial growth coupled
with inadequate supply from hydropower stations is
stimulating interest in Gas to Power Projects (GtPP)
investments. The country’s production is estimable of
8.24 billion standard cubic feet per day and comprises
associated gas (98tscf) and non-associated gas (89tscf).
However, even with the huge resources, electricity
supply is not adequate to satisfy local demand needed to
achieve development. One of the reasons for insufficient
power supply is gas supply shortage for generating
electricity. The study is to investigate economic condition
for profitable electricity generation in Nigeria. In this
paper, mathematical programming was used
Keywords : Economic, Investment, Profitability, Electricity Generation.