Independent Petroleum Producers Mark 10 Years Of Indigenous Participation

The Independent Petroleum Producers Group (IPPG) has marked its 10th anniversary, celebrating a decade of growth and increasing indigenous participation in Nigeria’s oil and gas industry.

At the anniversary event in Lagos, Adegbite Falade, chairman of IPPG and chief executive officer of Aradel Holdings, stated that the milestone reflected the growing role of indigenous operators in shaping the country’s energy sector.

He noted that local producers now account for more than 50 per cent of Nigeria’s crude oil and gas production, attributing the development to sustained advocacy and collaboration with government and regulators.

Falade commended the administration of President Bola Ahmed Tinubu for ongoing reforms in the energy sector, and acknowledged the support of the ministers of state for Petroleum Resources, the special adviser to the president on energy, and regulatory institutions, including the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian Content Development and Monitoring Board (NCDMB), and NNPC Limited.

He said IPPG remains committed to supporting government efforts to achieve energy security, particularly following the divestment of assets by some International Oil Companies, adding that indigenous operators now carry greater responsibility for sustaining production and investment.

Representing President Tinubu at the event, the minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, described IPPG as a key driver in the sector’s evolution and praised the capacity 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 evidence of growing international recognition of local expertise.