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.