The Independent Petroleum Producers Group (IPPG) has called for swift action on various pending and ongoing oil sector divestments in the country.

In a goodwill message at the 7th edition of the Nigeria International Energy Summit held in Abuja, the Chairman of the IPPG, ABDULRAZAQ ISA, reflected on the ongoing divestments by International Oil Companies in Nigeria, highlighting the monumental shift towards indigenous participation and control in the country’s energy sector.

He emphasised the potential for increased empowerment, economic growth, and sustainable resource management as indigenous operators assume greater responsibility and urged expedited conclusion and closure of the divestment processes while citing the urgent need for government intervention to facilitate a seamless transition.

The IPPG Chairman’s goodwill message emphasised the pivotal role of Nigeria’s petroleum resources in driving economic stability and growth, reaffirming IPPG’s commitment to collaborating with the government to address industry challenges and attract investments for sustained growth.