The Managing Director of Oando Energy Resources, Ainojie Irune, has reiterated the company’s commitment to strengthening Nigeria’s indigenous upstream sector after hosting the Chairman of the Independent Petroleum Producers Group and Managing Director/Chief Executive Officer of Aradel Holdings, Adegbite Falade, on a strategic visit.
In a statement, the company said the high-level meeting centred on enhancing collaboration among indigenous producers and promoting unified industry advocacy as local operators take on a larger role in Nigeria’s oil and gas production.
Speaking during the visit, Falade commended Oando for its significant contributions to the IPPG and its broader impact on Nigeria’s upstream oil and gas industry.
“Over the last decade, indigenous producers have shifted the centre of gravity in Nigeria’s upstream industry. Today, IPPG members account for more than half of national production. Oando is a solid part of that story and has consistently strengthened our collective voice in external engagements,” he said.
Falade also praised the company’s leadership, highlighting the ongoing support of Oando Plc’s Group Chief Executive, Wale Tinubu, and Deputy Group Chief Executive, Omamofe Boyo. He expressed particular gratitude for Oando’s provision of resources and manpower for IPPG’s 10-year anniversary celebrations, calling it a testament to the company’s enduring commitment to industry growth.
In response, Irune reiterated Oando Energy Resources’ long-term dedication to IPPG and its mission to strengthen Nigeria’s indigenous upstream capacity.
“Oando remains firmly invested in the growth and institutional strengthening of IPPG. As indigenous companies lead the next phase of upstream development, disciplined execution, strong governance, and coordinated advocacy will be critical to sustaining production growth and ensuring industry stability,” he said.
With indigenous operators playing an ever-greater role in boosting national production, Falade underscored the need for enhanced advocacy, improved institutional cohesion, and tighter collaboration among member companies.
“Our next phase is about refining our engagement and leveraging our collective presence more deliberately for impact. Indigenous producers must actively shape regulation and policy in line with operational realities,” he stated.
At the close of the meeting, Irune welcomed the bolstered leadership framework of IPPG, emphasizing that solid institutional structures will be key as the industry responds to evolving regulations, operations, and market conditions.
