Oando Backs IPPG As Local Firms Achieve 50% Of Nigeria's Oil Production

Oando Energy Resources (OER) has thrown its weight behind the Independent Petroleum Producers Group (IPPG) as local firms now account for over half of Nigeria’s oil production.

OER managing director, Ainojie ‘Alex’ Irune, reaffirmed the company’s commitment during a visit by IPPG chairman and Aradel Holdings CEO, Adegbite Falade.

The high-level engagement focused on deepening collaboration among indigenous producers and advancing coordinated industry advocacy as local operators assume greater responsibility for Nigeria’s oil and gas output.

Speaking during the visit, Falade acknowledged the pivotal role Oando continues to play within IPPG and across the broader upstream sector.

“Over the last decade, indigenous producers have shifted the centre of gravity in Nigeria’s upstream industry.

Today, IPPG members account for more than half of national production. Oando is a solid part of that story and has consistently strengthened our collective voice in external engagements,” he said.

Falade further commended the company’s leadership, particularly the continued support of Oando Plc’s group chief executive, Wale Tinubu, and deputy group chief executive, Omamofe Boyo.

He expressed special appreciation for the company’s contribution of resources and manpower toward IPPG’s 10-year anniversary activities, describing it as a demonstration of Oando’s longstanding dedication to industry development.

In response, Irune reaffirmed Oando Energy Resources’ long-term commitment to IPPG and to advancing indigenous upstream capacity in Nigeria.

“Oando remains firmly invested in the growth and institutional strengthening of IPPG. As indigenous companies lead the next phase of upstream development, disciplined execution, strong governance, and coordinated advocacy will be critical to sustaining production growth and ensuring industry stability,” he said.

As indigenous operators continue to consolidate their role in driving national output, Falade emphasised the need for sharper advocacy, stronger institutional alignment, and deeper coordination among member companies.

“Our next phase is about refining our engagement and leveraging our collective presence more deliberately for impact. Indigenous producers must actively shape regulation and policy in line with operational realities,” he stated.

In concluding the meeting, Irune welcomed the strengthening of IPPG’s leadership structure, noting that robust institutional frameworks will be essential as the industry adapts to evolving regulatory, operational, and market dynamics.