Oil & Energy
IPPG Tasks FG On Energy Self-sufficiency, Competitiveness
The Independent Petroleum Producers Group (IPPG) has said that Nigeria’s
energy future must be defined by self-sufficiency, competitiveness and collaboration.
The Group insisted that the country must, above all, move beyond exporting raw hydrocarbons and build an ecosystem that creates in-country value, strengthens GDP contribution and delivers lasting benefits for all Nigerians.
Chairman of IPPG, Adegbite Falade, made the remark at the just-concluded Nigeria International Energy Summit 2026 (NIES) in Abuja, where he highlighted progress across the oil and gas value chain, including improved upstream output, gas infrastructure expansion and rising domestic refining capacity.
Referencing the summit’s theme, ‘Energy for Peace and Prosperity: Securing Our Shared Future’, Falade underscored the importance of energy security as a foundation for stability and economic development across Africa.
Falade challenged stakeholders including operators, regulators, service providers and investors to deepen collaboration in order to secure sustainable growth and shape a resilient energy future for Nigeria and the continent.
Falade who noted that Nigeria’s average crude oil production in 2025 increased to 1.64 million barrels per day (mbpd), representing a 5.8 per cent year-on-year rise from 1.55mbpd in the corresponding period of 2024, said indigenous producers now account for more than half of Nigeria’s total crude output, a milestone he described as evidence of strengthened local ownership and supportive policy actions.
The IPPG chairman commended President Bola Ahmed Tinubu for sustaining and deepening industry reforms, adding that early signs point to improved investor confidence and stronger sector performance.
He further stressed the need for strategic reforms, stronger collaboration and enhanced value creation within Nigeria’s domestic energy ecosystem.