The Independent Petroleum Producers Group(IPPG) has outlined an ambitious goal for Nigeria’s energy sector, including achieving daily production targets of four million barrels of oil and 13 billion cubic feet of gas per day by 2030.
Chairman of IPPG, Abdulrazak Isa, stated this at the 2024 dinner of the group where it celebrated the historic appointment of Ademola Adeyemi-Bero, one of its founding members, pioneer Chairman, and Trustee, as Chairperson of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors for 2025.
Isa, whose remarks was delivered by the IPPG Board of Trustees member and Executive Vice Chairman of ND Western Limited, Layi Fatona, emphasised the need to amend critical aspects of the Petroleum Industry Act (PIA), conclude IOC divestment transactions, sustain the “Decade of Gas” initiative, improve Niger Delta security, and upgrade infrastructure for domestic and export markets.
The group added that his confirmation as Nigeria’s OPEC Governor marks a significant milestone for Nigeria and Africa’s energy sector.
