By Vivian Emoni
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says it has commenced preparations for an oil and gas investment forum to attract more opportunities in China.
The Chairman of RMAFC, Dr Mohammed Shehu, said this on Tuesday in Abuja, while inaugurating a planning committee to coordinate preparations for the upcoming oil/gas investment forum in China.
Shehu, who was represented by Commissioner for Anambra and Investment Monitoring Committee Chairman, RMAFC, Mr Ekene Enefe, said the forum was scheduled hold towards the end of 2026.
Shehu said that the inauguration of the committee marked a step towards coordinated preparations for the China oil and gas investment forum.
According to him, the forum is expected to showcase Nigeria’s investment opportunities across the oil and gas value chain, while attracting meaningful investments into the country.
“The forum will as well feature business-to-business engagements, investment matchmaking, technical presentations and policy dialogue.
“It also expected to promote Nigeria’s investment opportunities in the international oil and gas market,” he said.
The chairman charged the planning committee to develop a comprehensive framework for the event and identify priority investment opportunities.
He also tasked the committee with coordinating stakeholders’ participation and facilitating strategic engagements with prospective investors and partners in China.
“The committee is expected to coordinate relevant stakeholders and activities toward ensuring effective participation and investment engagements at the forum,” he said.
He said the activities were aimed at promoting sustainable partnerships and strengthening cooperation between Nigeria and China in the oil and gas sector.
Shehu reaffirmed the commission’s commitment to collaborating with relevant institutions and stakeholders within its constitutional mandate.
“Such collaboration will support initiatives designed to strengthen investment, improve revenue generation and promote sustainable economic development,” he said.
The News Agency of Nigeria (NAN) reports that the committee comprises representatives of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Other members include representatives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Nigerian Investment Promotion Commission (NIPC).
Representatives of the Federal Ministry of Industry, Trade and Investment and the Oil and Gas Free Zone Authority are also members.
The Nigeria-China Business Council, Director of the Gas and Investment Department, RMAFC, and departmental staff are also represented on the committee. (NAN)
VOE/KUA
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Edited by Uche Anunne