By Peter Adelowo
The Chairman of the Independent Petroleum Producers Group, IPPG, Mr. Falade Adegbite, has called for sustained competitiveness and policy stability to attract investment into Nigeria’s energy sector.
Speaking at the Nigeria International Energy Summit on the theme Capitalizing Africa’s Global Upstream Momentum, Mr. Adegbite stressed that beyond regulation, investor confidence and clear value propositions are critical to mobilizing capital.
He noted that capital flows to environments that are stable, scalable and predictable, urging stakeholders to build a sustainable framework that strengthens long-term investment in the sector.
The IPPG Chairman emphasized the need to diversify Nigeria’s energy portfolio by harnessing its over 200 trillion standard cubic feet of proven gas reserves.
According to him, commercializing gas resources will help shield the economy from crude oil price volatility and support a transition to integrated energy solutions.
He commended the Nigerian National Petroleum Company Limited for the launch of its 2026 Gas Master Plan, describing it as a pragmatic roadmap for expanding gas utilization.
Mr. Adegbite also advocated the deployment of advanced technologies, including digital analytics, drone surveillance and enhanced oil recovery systems, to improve efficiency, curb losses and boost productivity across the upstream sector.
He maintained that innovation, strategic partnerships and policy consistency remain key to driving growth and global competitiveness in Nigeria’s energy industry.
