Nigeria Should Move Beyond Exporting Raw Hydrocarbons — IPPG
By Naija Enquirer Staff
The Independent Petroleum Producers Group (IPPG) has called on Nigeria to redefine its energy strategy by prioritising self-sufficiency, competitiveness and collaboration across the oil and gas value chain.
The Group stressed that Nigeria must move beyond exporting raw hydrocarbons and instead build a robust ecosystem that creates in-country value, strengthens GDP contribution and delivers sustainable benefits for citizens.
Chairman of IPPG, Mr. Adegbite Falade, made the remarks at the just-concluded Nigeria International Energy Summit 2026 (NIES) in Abuja. He highlighted progress recorded across the sector, including improved upstream output, expansion of gas infrastructure and rising domestic refining capacity.Energy for Peace and Prosperity: Securing Our Shared Future,” Falade underscored the importance of energy security as a foundation for economic stability and development across Nigeria and the African continent.
He urged all stakeholders operators, regulators, service providers, and investors — to deepen collaboration to ensure sustainable growth and to shape a resilient energy future.
Rising Crude Oil Production
Falade disclosed that Nigeria’s average crude oil production in 2025 increased to 1.64 million barrels per day (mbpd), a 5.8 per cent rise from 1.55mbpd in 2024.
He noted that indigenous producers now account for more than half of Nigeria’s total crude output, describing this milestone as evidence of strengthened local ownership and supportive policy actions.
Reforms and Investor Confidence
The IPPG Chairman commended President Bola Ahmed Tinubu for sustaining and deepening reforms within the oil and gas sector, stating that early indicators point to improved investor confidence and stronger sector performance.
Falade stressed the urgent need for strategic reforms, enhanced value creation, and stronger cooperation among stakeholders to ensure Nigeria’s energy resources translate into long-term prosperity.
The IPPG reaffirmed that a shift toward domestic processing, infrastructure development, and integrated energy operations will position Nigeria for greater economic resilience while reinforcing its role in Africa’s evolving energy landscape.
