The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, yesterday commended indigenous investors for ploughing their profits back into the economy for growth.

Expo gave the commendation when he hosted a high powered delegation from the Independent Petroleum Producers Group (IPPG), led by its Chairman, Abdulrazaq Isa. Ekpo lauded IPPG for the important role they play in the gas value chain.

He noted that as indigenous investors, they not only create jobs in the country but also plough their profits back into the economy to support the nation and President Bola Ahmed Tinubu’s Renewed Hope agenda in repositioning the energy sector for sustainable development.

These were contained in a statement by Ekpo’s spokesman, Mr. Louis Ibah. According to him, the minister pledged the Federal Government’s support in resolving the challenges affecting the group’s operations and called for enhanced collaboration between the group, government, and regulatory agencies to foster growth and development.

Isa, in his speech, thanked President Bola Tinubu for appointing members of the group into key positions in NNPC Ltd and OPEC and also commended Ekpo for the strides achieved so far in the gas sector.

He also solicited the intervention of the federal government to resolve issues around key areas like gas pricing, gas flare penalty, legacy debt, gas infrastructure, gas supply receivables, and LPG availability to encourage upstream investment and move the sector forward, among others.