L-R: The Chairman, Investment Monitoring Committee and RMAFC Federal Commissioner representing Anambra State, Dr Ekene Enefe, and the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo; during the courtesy visit to the Ministry of Petroleum Resources.
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has commenced consultations with key government agencies ahead of a proposed oil and gas investment summit in China, as part of efforts to attract fresh capital into Nigeria’s energy sector and increase revenue accruing to the Federation Account.
The summit, tentatively scheduled for the end of November 2026, is expected to showcase investment opportunities across the upstream and downstream segments of Nigeria’s oil and gas industry, with particular emphasis on the country’s abundant gas resources.
RMAFC disclosed this in a statement issued on Monday by the Head of its Information and Public Relations Unit, Maryam Umar-Yusuf, following an engagement with stakeholders in the petroleum sector.
The engagement was led by the Chairman of the Commission’s Investment Monitoring Committee and Federal Commissioner representing Anambra State, Dr Ekene Enefe.
According to the commission, the initiative is aimed at attracting increased investment into the oil and gas sector and expanding revenues available for distribution among the three tiers of government.
“The engagement, led by the Chairman of the Commission’s Investment Monitoring Committee and Federal Commissioner representing Anambra State, Dr Ekene Enefe, is aimed at briefing relevant government agencies on plans to organise an Oil and Gas Investment Summit in China, tentatively scheduled for the end of November 2026,” the statement said.
Enefe said the proposed summit was driven by the need to unlock investment opportunities in Nigeria’s petroleum industry, particularly the gas sector.
“We looked at the opportunities in the gas sector of the economy and felt that we need to intervene, especially in bringing investors to the sector, both upstream and downstream,” he said.
He explained that the Investment Monitoring Committee was responsible for monitoring Federal Government investments in the oil and gas industry and ensuring that the country receives the revenues and other accruals due to it from the sector.
Enefe added that the committee had recorded progress in monitoring industry activities, including efforts that led to revenue recoveries and the enforcement of penalties against defaulting oil companies.
Some of the interventions, he noted, were related to obligations imposed on operators under the Petroleum Industry Act, including provisions governing gas flaring.
The RMAFC commissioner said the commission had identified significant investment opportunities across Nigeria’s gas industry and believed that attracting investors into upstream production and downstream activities would help the country derive greater value from its natural resources.
He disclosed that the commission had begun discussions with institutions responsible for trade and investment promotion, including the Federal Ministry of Industry, Trade and Investment and the Nigerian Investment Promotion Commission.
RMAFC has also briefed the Presidency on the proposed summit and is engaging other relevant government agencies ahead of the planned event.
