National Economy
Thursday, July 17, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

IPPG Restates Commitment To Nigeria’s Oil And Gas Growth 

by Chika Izuora
2 years ago
in Business
Reading Time: 2 mins read
IPPG
Share on FacebookShare on TwitterShare on Telegram

The Independent Petroleum Producers Group (IPPG) has declared the group’s commitment to the development and growth of Nigeria’s oil and gas sector, in alignment with the visionary goals of the new administration led by His Excellency, President Bola Ahmed Tinubu, GCFR.

In his speech at the 2023 NOG Week in Abuja, the IPPG Chairman, Mr. Abdulrazaq Isa (OFR), represented by Dr. Layi Fatona, commended the new administration for its bold and progressive steps taken within the first 40 days in office.

“There is need for a laser-focused delivery of key priorities to unlock Nigeria’s energy potential, fuel economic growth, diversify the economy, and enhance energy security sustainably”, IPPG stated.

The priority areas highlighted by the IPPG include; establishment of a strong governance framework to guide the implementation of the Petroleum Industry Act (PIA) and facilitate systemic interaction and performance across the industry. The aim is to ensure the overall delivery of the objectives, intent, and deliverables of the reforms.

You May Like

CBN Clarifies BVN Fee For Nigerians In Diaspora

FAAN Seeks Investment In Cargo, Aviation Industry

Another priority area is strengthening security in the Niger Delta to safeguard and stabilize the operating environment, stem crude theft, and enable seamless access to turn around oil and gas production declines, thereby unlocking growth in the short to medium term.

IPPG called for the establishment of value-creating midstream and downstream sectors which remains vital to catalyse and rapidly industrialize the Nigerian economy.
“The “Decade of Gas” policy and the Petroleum Industry Act (PIA) provide foundations for building integrated plans and roadmaps to realize sustained value from these subsectors”, the group stated.

The group also called for enhancing the competitiveness of Nigeria’s oil and gas industry through a strong, enabling, independent single regulator to address the challenges faced due to regulatory bifurcation to contribute to strengthening the industry’s competitiveness.

Another key priority area the IPPG identified is for the government to expedite the conclusion of ongoing IOC divestments as “further delays in concluding the ongoing divestments by international oil companies (IOCs) have negative consequences such as production decline, loss of facility integrity, muted investments, and weak stewardship”.

The IPPG emphasized that the next 6 – 18 months is critical in determining the future of Nigeria’s oil and gas industry for “establishing a solid foundation for a secured energy future, ensuring energy availability, affordability, and sustainability for all Nigerians”.

Also, on the sideline of the NOG Week, IPPG hosted, first of its kind, a Business Roundtable where notable industry stakeholders convened to proffer pragmatic solution on the convergence of policy formulation, execution and investor confidence in the Nigerian energy sector. Specifically, Roundtable participants were expected to identify key bottlenecks hampering growth and capital flow in the industry and the specific policies to transform the industry into a globally competitive one.

Tags: IPPGIPPG COMMITS TO NIGERIAN OIL AND GAS GROWTHOIL AND GAS
ShareTweetShare
Previous Post

UBA Launches CX School of Excellence

Next Post

Paper Dealer Showcases Warehouse

ANOTHER GOOD READ

CBN Unveils New Liquidity Instruments For NIFIs
Business

CBN Clarifies BVN Fee For Nigerians In Diaspora

1 week ago
FAAN Seeks Investment In Cargo, Aviation Industry
Business

FAAN Seeks Investment In Cargo, Aviation Industry

4 weeks ago
Mouka Rewards Top Business Partners With Trip To Cape Town
Business

Mouka Rewards Top Business Partners With Trip To Cape Town

1 month ago
Union Bank Hosts Math Contest For Hearing-impaired Students
Business

Union Bank Hosts Math Contest For Hearing-impaired Students

1 month ago
Blue Sands STEM Lab, Others Take Top Prize At MarkHack 4.0
Business

Blue Sands STEM Lab, Others Take Top Prize At MarkHack 4.0

1 month ago
Asharami Energy Commits To Local Capacity Devt, Sustainable Growth
Business

Asharami Energy Commits To Local Capacity Devt, Sustainable Growth

1 month ago
Next Post
Paper Dealer Showcases Warehouse

Paper Dealer Showcases Warehouse

Most Recent

Where Is The Fighting Ground Of Fintech Firms?

Where Is The Fighting Ground Of Fintech Firms?

July 14, 2025
FIFA Opens Office In Trump Tower

FIFA Opens Office In Trump Tower

July 14, 2025
Delta Gears Up For Groundbreaking CNS Swimming Championship

Delta Gears Up For Groundbreaking CNS Swimming Championship

July 14, 2025
Jeremiah, Sani-Inabo Advance To VEMP Doubles Quarterfinals

Jeremiah, Sani-Inabo Advance To VEMP Doubles Quarterfinals

July 14, 2025
WAFCON 2024: Super Falcons Battle Botswana, Eye Quarter-Final Spot

WAFCON 2024: Super Falcons Battle Botswana, Eye Quarter-Final Spot

July 14, 2025
Between Depleting Workforce And Declining Productivity

Between Depleting Workforce And Declining Productivity

July 14, 2025
Driving Aviation Growth Through Regional Collaboration

Driving Aviation Growth Through Regional Collaboration

July 14, 2025
PalmPay Targets 35m People With Digital Insurance Services

PalmPay Targets 35m People With Digital Insurance Services

July 14, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy