Oil Producers Group Targets Sustained Investment Growth in Nigeria’s Energy Sector
By SAMUEL MOBOLAJI
Nigeria’s Independent Petroleum Producers Group (IPPG) has reaffirmed its commitment to sustaining investment growth in the country’s energy sector as it marked its 10th anniversary, celebrating a decade of resilience, collaboration and increasing indigenous participation in the oil and gas industry.
Speaking at the milestone event, IPPG Chairman and Chief Executive Officer of Aradel Holdings, Mr Adegbite Falade, described the journey as “a decade defined by purpose, partnership and impact,” noting that the anniversary was not only a celebration of longevity but a reaffirmation of the Group’s shared resolve to strengthen indigenous leadership and advance Nigeria’s energy sector.
According to Falade, indigenous operators have, over the past decade, demonstrated their capacity to lead, deliver value and shape the future of the industry. He noted that sustained advocacy and collaboration with government and regulators have repositioned local producers as major contributors to national output.
Indigenous operators now account for more than 50 per cent of Nigeria’s crude oil and gas production, a development widely regarded as a reflection of IPPG’s growing influence and effectiveness within the sector.
Falade commended the administration of President Bola Ahmed Tinubu for reforms aimed at improving sector efficiency and restoring investor confidence.
He also acknowledged the support of the Ministers of State for Petroleum Resources, the Special Adviser to the President on Energy, and the leadership of key institutions, including the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the Nigerian Content Development and Monitoring Board, and NNPC Limited.
Reflecting on the anniversary theme, Building on a Decade of Impact, Falade said IPPG remains committed to supporting government efforts to achieve energy security, particularly following the divestment of assets by International Oil Companies.
He stressed that the responsibility for sustaining production growth now rests largely with indigenous operators.
Representing President Tinubu, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, described IPPG as a critical force in the industry and “one of the best things to have happened to Nigeria’s oil and gas sector.”
He said the appointment of Mr Ademola Adeyemi-Bero as Nigeria’s OPEC Governor and Chairman of the OPEC Board of Governors for 2025 further reflects growing global recognition of indigenous capacity and leadership.
The anniversary celebration featured a high-level fireside chat on indigenous leadership and the future of the industry, alongside Leadership Recognition Awards honouring distinguished IPPG members and sector leaders.
Looking ahead, IPPG reaffirmed its commitment to contributing meaningfully to Nigeria’s production targets of three million barrels of oil per day and 12 billion standard cubic feet of gas by 2030. Over the next five years, the Group plans to prioritise infrastructure expansion, host community engagement in the Niger Delta, capacity development, strong corporate governance and responsible resource development.
As it enters its second decade, IPPG said it remains focused on catalyzing Nigeria’s economic transformation and industrialisation by harnessing the country’s vast oil and gas resources to create stronger linkages between the energy sector and the broader economy.
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