The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has inaugurated a planning committee to coordinate preparations for a forthcoming oil and gas investment forum scheduled to hold in China later this year.
The inaugural meeting was held at the Commission’s headquarters in Abuja and chaired by the Commission’s Chairman, Dr. Mohammed Bello Shehu, OFR, who was represented by the Federal Commissioner representing Anambra State and Chairman of the Investment Monitoring Committee, Hon. Ekene Enefe.
Speaking at the meeting, Shehu stressed the need for strategic planning, effective coordination and strong institutional collaboration to ensure the success of the forum.
He said, “The forum will provide a credible platform for showcasing Nigeria’s investment opportunities across the oil and gas value chain and attracting meaningful investments into the country.”
Shehu charged the planning committee to develop a comprehensive framework for the event, identify priority investment opportunities, coordinate stakeholder participation and facilitate strategic engagements with prospective investors and partners in China.
He said, “The Planning Committee must ensure that all necessary arrangements are put in place to deliver a successful and impactful investment forum.”
According to him, the forum will feature business-to-business engagements, investment matchmaking, technical presentations and policy dialogue aimed at promoting sustainable partnerships and strengthening cooperation between Nigeria and China in the oil and gas sector.
He said, “The investment forum will feature business-to-business engagements, investment matchmaking, technical presentations and policy dialogue aimed at promoting sustainable partnerships and strengthening cooperation between Nigeria and China in the oil and gas sector.”
The RMAFC chairman also reaffirmed the Commission’s commitment to collaborating with relevant institutions and stakeholders within its constitutional mandate.
He said the Commission would continue to support initiatives that “strengthen investment, improve revenue generation and promote sustainable economic development.”
The inauguration of the committee marks an important step towards coordinated preparations for the China oil and gas investment forum, which is expected to promote Nigeria’s investment opportunities in the international oil and gas market.
The planning committee comprises representatives of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian Investment Promotion Commission (NIPC), Federal Ministry of Industry, Trade and Investment, Oil and Gas Free Zone Authority, Nigeria-China Business Council, the Director of the Gas and Investment Department of RMAFC, and other staff members of the department.
Also in attendance were the Federal Commissioner representing Kogi State, Hon. Abdulaziz Idris King, and other members of the Investment Monitoring Committee.