IPPG charts future for Nigeria’s energy sector

The Independent Petroleum Producers Group (IPPG) has lauded the administration of President Bola Tinubu for its bold policy reforms and visionary leadership in revitalising Nigeria’s energy sector.

At the 8th Nigeria International Energy Summit (NIES 2025) opening ceremony, Abdulrazaq Isa, IPPG Chairman, highlighted the administration’s role in driving industry advancements, restoring investor confidence, and positioning Nigeria as a formidable force in the global energy landscape.

The Group said that under President Tinubu’s reform agenda, the Nigerian energy sector has recorded landmark achievements. “Notably, Nigeria has met OPEC’s production quota of 1.5 million barrels per day, facilitated by improved security conditions in the Niger Delta.

“The administration has also secured multi-billion-dollar Final Investment Decisions (FIDs), unlocking major projects such as the NNPC Ltd & TotalEnergies’ Ubeta Field Development and Shell’s Bonga North, the first deepwater FID in over a decade,” the Group said.

IPPG also praised the significant strides made under the Decade of Gas Initiative, which has fast-tracked critical gas development projects, expanded LNG production, and strengthened gas-to-power initiatives, reinforcing Nigeria’s status as a gas powerhouse. In addition, sustained downstream deregulation has enhanced product availability, market efficiency, and competitiveness.

“These achievements did not come easy and should not be taken for granted,” Isa said, urging continued commitment from all stakeholders to ensure long-term sustainability and prosperity in the industry.

Read also: Nigeria’s wildlife tourism to generate N12.3 trillion by 2032 – Wild Africa

As his tenure as IPPG Chairman concludes in June 2025, Isa emphasised the urgency of transitioning from a commodity-export-driven economy to a value-creating midstream and downstream industry.

He called for deeper integration between the energy sector and industries such as petrochemicals, agriculture, power, manufacturing, and transportation to unlock Nigeria’s full economic potential.

Isa pledged full support for the Domestic Crude Oil Supply Obligation (DCSO) policy, recognising its critical role in ensuring Nigeria’s energy prosperity.

With International Oil Companies’ (IOCs) divestments shifting operational control to indigenous players, Isa reaffirmed IPPG’s dedication to industrialisation, job creation, and energy security.

“IPPG members now have a national responsibility and will act as worthy stewards, upholding global best practices and operational excellence”, Isa said.

On the other hand, IPPG also unveiled its new logo at NIES 2025—a symbol of renewed dedication to the nation’s energy aspirations.

According to IPPG, this updated logo embodies the group’s vision of an industry that fuels national development and elevates Nigeria’s standing on the global stage.