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RMAFC Engages Stakeholders Ahead of Oil, Gas Investment Summit in China

Published

1 month ago

September 7, 2026

Joel Ajayi

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced engagements with key stakeholders in the oil and gas sector as part of efforts to attract increased investment into Nigeria’s oil and gas industry to boost revenue accruing to the Federation Account.

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.

In a statement issued on Monday by the Head, Information and Public Relations Unit RMAFC, Maryam Umar Yusuf, in Abuja.

Speaking during the stakeholder engagement, Dr. Enefe explained that the Investment Monitoring Committee, one of the Commission’s constitutional committees, is responsible, among other functions, for monitoring Federal Government investments in the oil and gas sector and ensuring that the nation receives its appropriate revenues and accruals from the sector.

He noted that the Committee had recorded significant progress in monitoring the sector, including efforts that have resulted in the recovery of revenues and enforcement of applicable penalties against defaulting oil companies, particularly in relation to provisions of the Petroleum Industry Act (PIA), including gas-flaring obligations.

According to him, the Commission had identified the enormous investment opportunities in Nigeria’s gas sector and considered it necessary to facilitate greater participation by investors in both the upstream and downstream segments of the industry. “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,” Dr. Enefe said.

He disclosed that RMAFC had already engaged relevant institutions responsible for investment promotion and trade, including the Federal Ministry of Industry, Trade and Investment and the Nigerian Investment Promotion Commission (NIPC), to explore avenues for attracting investors into the sector.

Dr. Enefe further explained that the proposed summit was conceived as part of the Commission’s broader efforts to support the development of the oil and gas industry, increase investments and ultimately expand the nation’s revenue base.

He said RMAFC had briefed the Presidency on the initiative and had continued consultations with relevant government agencies towards ensuring a successful summit.

According to him, China was deliberately chosen as the host country because of its significant role in the global energy and investment landscape. He added that consultations had already been held with the Nigerian High Commission in Beijing, including discussions with the Nigerian Ambassador and other stakeholders, who expressed support for the initiative.

He also disclosed that the stakeholder breakfast meeting, scheduled for Wednesday, September 9, at Transcorp Hilton, Abuja, is expected to bring together key government institutions and agencies in the oil and gas investment sectors.

Dr. Enefe said the meeting would provide an opportunity to formally brief stakeholders on the proposed summit and obtain their contributions towards its successful organisation. He also called on participating ministries and agencies to nominate representatives to serve on the planning committee for the summit.

In his response, the Minister of State for Petroleum Resources (Gas), Rt. Hon. Obongemem Ekperikpe Ekpo, expressed the Ministry’s support for the initiative, stressing the need for Nigeria to showcase the investment opportunities in the country to boost economic development.

The Minister emphasised that Presidential Executive Orders and the provisions of the Petroleum Industry Act must be effectively implemented through coordinated action among relevant government institutions.

He highlighted the country’s substantial gas reserves, noting that the nation’s estimated 215 trillion cubic feet of gas reserves provide a significant opportunity to drive economic growth, strengthen the regional energy market and position Nigeria more prominently on the global energy platform.

He said the Ministry of Petroleum Resources would work closely with RMAFC and other relevant agencies to ensure that the proposed summit achieves its objectives.”The time has come for us to really decide for our nation, work for our nation, put things in the correct perspective,” the Minister stated.

Rt. Hon. Ekperikpe Ekpo also assured RMAFC of the Ministry’s cooperation in the planning process and disclosed that a representative would be nominated to participate in the summit planning committee.

He commended RMAFC for the initiative and expressed confidence that the proposed investment summit would create opportunities for attracting new investments into Nigeria’s oil and gas sector, thereby contributing to national development and increased government revenue.

The engagement underscores RMAFC’s commitment to strengthening inter-agency collaboration, promoting investment in strategic sectors of the economy and ensuring that Nigeria maximises the revenue potential of its natural resources for the benefit of all tiers of government and the Nigerian people.

Also in attendance were the Federal Commissioner of Kogi, Hon. Abdulazeez Idris King and the Director of Gas and Investment Department, Hajiya Zainab Larai Adamu.

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DNKI President Champions Humanitarian Service, Sustainable Community Development

Published

13 hours ago

October 21, 2026

The Gleamer

Cyril Samania

The President of De Norsemen Kclub International (DNKI), Chief Oliver Patrick Ityohegh, has reaffirmed the organisation’s commitment to humanitarian service, stressing the importance of supporting vulnerable people and improving community welfare beyond the annual celebration of Humanitarian Day.

Ityohegh stated this during the organisation’s Cauldron Night and Award Presentation held to commemorate its 2026 Humanitarian Day celebration, theme: “Humanity First: Advancing Hope, Dignity and Community Well-being.” organised by the DNKI Abuja Chapter.

He emphasised that humanitarian service should be a continuous responsibility driven by compassion, solidarity and a commitment to making a meaningful difference in society.

According to him, DNKI’s humanitarian activities reflect its dedication to giving back to society and supporting people in need, while encouraging members to sustain initiatives that promote human dignity and community well-being.

He added that the organisation would continue to strengthen its humanitarian engagements through practical interventions aimed at improving the lives of vulnerable people and promoting community development.

Speaking at the event, the representative of the Abuja Chapter Chairman and Chairman of its Advisory Council, Prince Efiong Okpe, said the organisation’s humanitarian activities extended beyond the annual celebration of Humanitarian Day on October 15.

Okpe explained that DNKI undertook several initiatives throughout the year, including blood donation exercises, visits to hospitals and correctional centres, as well as support for orphanages and other vulnerable groups.

According to him, the organisation also collaborated with humanitarian bodies in the Federal Capital Territory (FCT) to identify areas of need and provide assistance within its available resources.

He described Humanitarian Day as an opportunity for members to renew their commitment to service and demonstrate solidarity with people facing difficult circumstances.

Earlier, the Chairman of the Planning Committee and Coordinator of the DNKI Gwagwalada Zone, Mr Etudaiye Hamzat, disclosed that the chapter had provided financial assistance to some members to help pay their children’s school fees, alongside distributing bags of rice and other relief items to members experiencing hardship.

Hamzat explained that the interventions followed concerns over the difficulties some members faced in meeting their family responsibilities, particularly the rising cost of their children’s education.

He maintained that supporting members in need was consistent with the organisation’s humanitarian principles, adding that DNKI remained committed to extending assistance to non-members and vulnerable communities as part of its commitment to leading by example.

Looking ahead, Hamzat said the Abuja Chapter planned to expand its humanitarian outreach to remote communities within the FCT, with particular attention to orphanages, schools and widows facing difficulties in meeting their family responsibilities.

He also recalled previous interventions for internally displaced persons (IDPs), which included the distribution of food, clothing and educational materials, noting that the chapter intended to scale up such initiatives in the coming year.

The highlight of the event was the presentation of awards to outstanding members and distinguished non-members in recognition of their contributions to humanitarian service.

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