The Independent Petroleum Producers Group (IPPG) has called for bold, coordinated reforms to reposition Nigeria’s oil and gas industry from a resource-based economy to a globally competitive engine of industrial growth and national prosperity.
Speaking at the opening ceremony of the 25th NOG Energy Week in Abuja, Adegbite Falade, IPPG chairman, commended the Federal Government for reforms that have revitalised investor confidence, increased oil production and attracted significant upstream investments.
He noted that Nigeria’s improving production profile and record investment commitments demonstrate the impact of collaborative efforts between government, regulators and industry.
Despite this progress, Falade stressed that Nigeria must seize the moment by investing in infrastructure, accelerating gas development and strengthening the entire energy value chain to maximise economic value. He warned that recent global geopolitical disruptions have shown that countries without sufficient production and processing capacity are unable to capitalise on emerging opportunities.
Related News
“Our
This post was originally published on this site.
