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Nigeria’s Revenue Mobilisation, Allocation and Fiscal Commission has begun preparations for a proposed oil and gas investment summit in China, with the commission looking to attract fresh capital into the country’s energy sector and increase revenue available to the Federation Account.

The summit is tentatively scheduled for the end of November 2026. It is expected to focus on investment opportunities across the upstream and downstream segments of the industry, especially Nigeria’s gas resources. RMAFC disclosed the plan in a statement issued by its Head of Information and Public Relations Unit, Maryam Umar-Yusuf, after an engagement with petroleum-sector stakeholders.

The engagement was led by Dr Ekene Enefe, chairman of RMAFC’s Investment Monitoring Committee and the federal commissioner representing Anambra State. Enefe said the commission wanted to bring investors into both upstream production and downstream activities. “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,” he said.

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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.

Enefe said the committee monitors Federal Government investments in the oil and gas industry and works to ensure that Nigeria receives the revenues and accruals due from the sector. He said its work had included revenue recoveries and penalties imposed on oil companies that failed to meet their obligations.

Some of those interventions relate to requirements under the Petroleum Industry Act, including provisions covering gas flaring. RMAFC said it had identified substantial opportunities in Nigeria’s gas industry and was discussing the summit with institutions involved in trade and investment promotion, including the Federal Ministry of Industry, Trade and Investment.

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The Revenue Mobilisation, Allocation and Fiscal Commission 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.