IPPG charts path to energy sector growth

IPPG has lauded the administration of President Bola Ahmed Tinubu for its bold policy reforms and visionary leadership in revitalising Nigeria’s energy sector.

At the opening ceremony of the 8th Nigeria International Energy Summit (NIES 2025), IPPG Chairman, Abdulrazaq Isa, highlighted the administration’s role in driving industry advancements, restoring investor confidence and positioning Nigeria as a formidable force in the global energy landscape.
Under President Tinubu’s reform agenda, the group noted that 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 and TotalEnergies’ Ubeta Field Development and Shell’s Bonga North, the first deepwater FID in over a decade.

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.

Also, sustained downstream deregulation has enhanced product availability, market efficiency, and competitiveness, he said.

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

As his tenure as IPPG Chairman approaches its end in June 2025, Isa emphasized 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.

He pledged full support for the Domestic Crude Oil Supply Obligation (DCSO) policy, recognising its critical role in ensuring Nigeria’s energy prosperity.
With IOC divestments shifting operational control to indigenous players, Mr. Isa reaffirmed IPPG’s dedication to industrialization, 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 stated.