Officials at the ongoing 2026 Nigerian Oil and Gas Midstream and Downstream Summit has called for more investor-friendly policies to drive development in the sector.
On Day Two of the summit, discussions centred on the theme “Investment, Financing & Incentives in the Nigerian Oil & Gas Midstream and Downstream Sectors.”
Speakers stressed the need to attract capital that turns Nigeria’s crude resources into greater economic value.Dr. Alasapo Agbeje, Acting Executive Director of Economic Regulation and Strategic Planning at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), represented the Chief Executive, Mr. Rabiu Abdullahi.
He highlighted that while the upstream sector supplies important resources, greater focus on midstream and downstream operations remains essential for industrial growth and economic progress.Dr. Agbeje noted that the Petroleum Industry Act (PIA) already creates clearer rules and improves the investment atmosphere.
He also praised the Nigerian Content Development and Monitoring Board (NCDMB) for its work in building partnerships that help local companies and increase Nigerian participation in the industry.In the same session, Mr. Hope Yongo, Technical Assistant to the Managing Director of NEXIM Bank, spoke on behalf of Mr. Abubakar Abba.
He emphasised the creation of a competitive environment that welcomes both local and foreign investors.
Mr. Yongo promoted equipment leasing as a practical financing solution for Nigerian investors. He explained that leasing lowers heavy capital demands, helps projects move forward smoothly, and offers flexible paths to eventual asset ownership.
Industry stakeholders at the summit agreed that such measures will encourage sustainable investment and strengthen Nigeria’s oil and gas value chain.
The event continues to provide a platform for regulators, financiers, and operators to align strategies for sector-wide development.
