Independent Petroleum Producers Commit To Sustaining Nigeria’s Hydrocarbon Potential Optimisation Efforts

The Independent Petroleum Producers Group (IPPG) has assured that more steps will be taken to intensify efforts around value retention, support ongoing industry divestments, and champion initiatives that will unlock Nigeria’s full hydrocarbon potential.

The Group is also committed to deepening support for ongoing divestments and helping to ensure that Nigeria realises its full hydrocarbon potential while delivering lasting prosperity to the people.
The assurances were delivered by the chief executive officer of Aradel Plc, Adegbite Falade, who is now the new chairman of the IPPG.

The Group has announced a major leadership transition, with Abdulrazaq Isa, Chairman of Waltersmith Group, formally handing over the reins of chairmanship to Falade at the expiration of his mandate.

The symbolic ceremony, which was attended by members of the IPPG Board of Trustees and Governance Council, underscored the Group’s commitment to continuity, stability, and progressive leadership.
Falade’s tenure officially commenced on 1 November 2025, marking the beginning of a new chapter for IPPG.

He succeeds Isa, who led the organisation from July 2021, a period characterised by strategic advancements and strengthened industry influence.

In his valedictory remarks, Isa expressed profound gratitude to IPPG members for their unwavering support throughout his stewardship. He reflected on the collective strides made during his tenure.

“It has been a privilege to lead IPPG, as indigenous E&P companies have demonstrated the ability to operate safely, efficiently, and profitably while ensuring that far greater value stays home,” he stated.
He emphasised the indispensable role of a robust oil and gas sector in Nigeria’s development, stressing that a vibrant industry remains critical to the country’s economic progress.

“A healthy and vibrant oil and gas sector remains critical for the development of Nigeria, with progressive indigenous producers best placed to ensure greater linkages between the industry and the wider economy, ultimately leading to the rapid industrialisation of the nation,” he said.

Taking the mantle of leadership, Falade commended his predecessor for his exceptional service and transformative impact. He reaffirmed his commitment to building on the Group’s achievements while charting bold new directions.

“IPPG remains committed to working collaboratively with all stakeholders in nurturing a petroleum industry that can take its rightful place in the global space,” he said.

Falade further pledged to intensify efforts around value retention, support ongoing industry divestments, and champion initiatives that will unlock Nigeria’s full hydrocarbon potential.

“We will deepen value-retention initiatives, support ongoing divestments, and help ensure Nigeria realises its full hydrocarbon potential while delivering lasting prosperity to our people,” he added.

Speaking on behalf of the Board of Trustees, Austin Avuru applauded the outgoing Chairman, noting that under his leadership, IPPG recorded significant milestones driven by his steadfast commitment and belief in the capabilities of indigenous E&P operators.