The Unbiased Petroleum Producers Group (IPPG) has marked its tenth anniversary, celebrating a decade of development and rising indigenous participation in Nigeria’s oil and gasoline business.
On the anniversary occasion in Lagos, Adegbite Falade, chairman of IPPG and chief government officer of Aradel Holdings, acknowledged that the milestone mirrored the rising function of indigenous operators in shaping the nation’s vitality sector.
He famous that native producers now account for greater than 50 per cent of Nigeria’s crude oil and gasoline manufacturing, attributing the event to sustained advocacy and collaboration with authorities and regulators.
Falade recommended the administration of President Bola Ahmed Tinubu for ongoing reforms within the vitality sector, and acknowledged the help of the ministers of state for Petroleum Assets, the particular adviser to the president on vitality, and regulatory establishments, together with the Nigerian Upstream Petroleum Regulatory Fee (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian Content material Improvement and Monitoring Board (NCDMB), and NNPC Restricted.
He mentioned IPPG stays dedicated to supporting authorities efforts to realize vitality safety, notably following the divestment of belongings by some Worldwide Oil Corporations, including that indigenous operators now carry better duty for sustaining manufacturing and funding.
Representing President Tinubu on the occasion, the minister of State for Petroleum Assets (Oil), Senator Heineken Lokpobiri, described IPPG as a key driver within the sector’s evolution and praised the capability of indigenous operators.
He cited the appointment of Ademola Adeyemi-Bero as Nigeria’s OPEC governor and chairman of the OPEC Board of Governors for 2025 as proof of rising worldwide recognition of native experience.
