The Independent Petroleum Producers Group (IPPG) has escalated its call for comprehensive structural reforms in Nigeria’s oil and gas sector, arguing that the industry must transition from a resource-dependent model to one that is globally competitive.
The group’s latest intervention highlights growing frustration among independent operators with the prevailing fiscal environment, which they describe as a barrier to sustained investment and operational efficiency.
This push for reform comes amid broader concerns about the sustainability of Nigeria’s oil industry.
Previous reports indicated that the IPPG had already flagged the current tax and levy regime as unsustainable for domestic operators.
The latest statement reinforces the urgency of these demands, suggesting that without coordinated policy changes, the sector risks further stagnation.
The call aligns with wider industry sentiment that Nigeria needs to move beyond promotional efforts and deliver concrete regulatory improvements to attract and retain capital.