IPPG Calls for Nigeria Oil Reforms

At the 25th NOG Energy Week in Abuja, the Independent Petroleum Producers Group (IPPG), led by Chairman Adegbite Falade, called for bold, coordinated reforms to reposition Nigeria's oil and gas industry from a resource-based economy to a globally competitive hub. Falade commended the federal government for recent reforms that have boosted investor confidence, increased crude oil production, and attracted significant upstream investments. He stressed the need for further investment in critical infrastructure, accelerated gas development, and strengthening the entire energy value chain. IPPG urged harmonization of multiple taxes and levies, sustained investment in infrastructure and human capital, and a review of the Petroleum Industry Act to reflect evolving realities. The group reaffirmed its commitment to collaborating with government and stakeholders to build a resilient, investment-friendly energy sector.