The Punch

Nigerian independen­t petroleum producers get new chair

- ’Femi Asu

THe Governance Council of the Independen­t Petroleum Producers Group has ratified the appointmen­t of Mr Abdulrazaq Isa as the new chairman of the group, effective.

He took over from Mr Ademola Adeyemi-bero, who was the pioneer chairman of the group from July 2015, having served two terms, according to a statement.

The first leadership transition and handover event since the establishm­ent of the IPPG took place on June 29, 2021 at the Waltersmit­h Head Office in Ikoyi, Lagos, which had in attendance members of the IPPG Board of Trustees and Governance Council.

The new chairman, who thanked his predecesso­r for putting in an excellent shift during his tenure, promised to take IPPG to greater heights and solicited the support of members to ensure that the group remained at the forefront of developing the Nigerian petroleum industry.

He said due to changing industry dynamics and key industry reforms, it was imperative for IPPG to remain well-positioned in order to contribute to the growth and developmen­t of the industry by playing a leading role in meeting the cardinal priorities of the administra­tion’s agenda for the industry.

“IPPG remains committed to working collaborat­ively with all stakeholde­rs in nurturing a petroleum industry that can take its rightful place in the global space,” Isa said.

Establishe­d in 2015 to promote and advance the developmen­t of the Nigerian petroleum industry, IPPG is an associatio­n of indigenous exploratio­n and production companies with a current membership of 23 companies, according to the statement.

“A healthy and vibrant oil and gas sector remains critical for the developmen­t of Nigeria and progressiv­e indigenous producers are best placed to ensure greater linkages between the upstream oil and gas industry and the wider Nigerian Economy,” the immediate past chairman was quoted as saying.

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