NIPetE Symposium Focuses On Innovation, Tax Reforms, Energy Value Chain

The Nigerian Institution of Petroleum Engineers (NIPetE) has called for a shift in Nigeria’s energy strategy from crude oil dependence to value-driven and innovation-led growth.

The national chairman of NIPetE, Dr Yetunde Aladeitan, made the call while hosting the 2026 NIPetE Oil and Gas Symposium held virtually in Abuja. Aladeitan, an Associate Professor of Petroleum Engineering and Director of the Energy Research Centre, University of Abuja, urged stakeholders to align with global best practices and emerging trends in the oil and gas industry.

The symposium, themed “Beyond the Barrel: Tax Reforms, Value Chain Optimisation, and the Future of Nigerian Energy,” brought together engineers, policymakers, fiscal experts and industry stakeholders to examine Nigeria’s oil and gas landscape and pathways for sustainable value creation.

Chairman of the occasion and President of the Nigerian Society of Engineers (NSE), Ali Alimasuya Rabiu, was represented by the NSE deputy president, Valerie Agberagba, who described the theme as timely. He stressed the need for Nigeria to reduce over-reliance on crude oil revenues and pursue an innovation-driven and diversified energy ecosystem supported by sound fiscal policies, gas development and value-chain efficiency.

Delivering the keynote address on behalf of Momoh J. Oyarekhua, Abudukerimu Sule highlighted investment opportunities arising from the Nigeria Tax Act 2025. He explained that the reforms could enhance upstream efficiency, attract both local and foreign investment and improve Nigeria’s competitiveness in the global energy market.

A panel session featured industry experts, including Ehimhen Okoh-Agunloye, Dr Bukola Olusola, Adesola Adebawo, Eyono Fatai-Williams, and Abayomi Abiona. Discussions focused on gas transition strategies, upstream and midstream optimisation, fiscal incentives and the role of engineering innovation in sustainable energy development.

Participants noted that the symposium provided practical and forward-looking discussions on translating fiscal reforms, particularly the Nigeria Tax Act 2025, into actionable engineering and investment outcomes, including gas-led industrialisation and strengthened midstream and downstream investments.