Indigenous Nigerian oil producers have crossed a historic threshold, now accounting for more than half of the country’s total oil output — a shift that is reshaping the upstream landscape and intensifying calls for greater policy influence by local operators.
Oando Energy Resources (OER) has reaffirmed its commitment to the Independent Petroleum Producers Group (IPPG) following a visit by IPPG chairman and Aradel Holdings CEO Adegbite Falade. The engagement centred on deepening collaboration among indigenous producers and advancing coordinated advocacy as local operators assume a dominant role in national output.
Falade acknowledged the scale of the shift, noting that over the past decade, indigenous producers have moved from the margins to the centre of Nigeria’s upstream industry. He commended Oando’s consistent contribution to the group’s collective voice in external engagements, including support for IPPG’s 10-year anniversary activities.
OER Managing Director Ainojie ‘Alex’ Irune reaffirmed the company’s long-term investment in the group’s institutional growth, stressing that disciplined execution, strong governance, and coordinated advocacy will be critical as indigenous companies lead the next phase of upstream development.
Falade signalled that IPPG’s next phase will focus on sharper regulatory engagement, noting that indigenous producers must actively shape policy to reflect operational realities. The strengthening of IPPG’s leadership structure was welcomed by both parties as essential to adapting to evolving regulatory, operational, and market dynamics.
Source: leadership.ng