The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has initiated consultations with key government agencies as it prepares to showcase Nigeria’s oil and gas opportunities in China, aiming to draw fresh capital into the energy industry and boost revenue allocations to the Federation Account.
The proposed Nigeria–China Oil and Gas Investment Summit, tentatively scheduled for late November 2026, is designed to pitch upstream and downstream prospects directly to Chinese financiers and state energy enterprises.
The initiative is spearhead by Dr. Ekene Enefe, Chairman of RMAFC’s Investment Monitoring Committee and Federal Commissioner representing Anambra State.
Enefe noted that the commission is intent on unlocking capital bottlenecks in the domestic gas value chain, citing an urgent need for deeper foreign direct investment across the sector.
“We reviewed the latent opportunities in the gas sector and realized regulatory intervention was critical, particularly in attracting institutional investors across both upstream production and downstream processing,” Enefe stated.
RMAFC has partnered with the Federal Ministry of Industry, Trade and Investment and the Nigerian Investment Promotion Commission (NIPC) to curate a pipeline of commercially viable assets.
The commission has formally briefed the Presidency and is coordinating logistical and diplomatic frameworks alongside the Nigerian Embassy in Beijing.
The commission selected China because of its dominant position in global energy financing and its capacity to deliver long-term debt, equity, and engineering partnerships for domestic hydrocarbon infrastructure.
To advance preparations, the agency will convene an inter-agency consultative breakfast on Wednesday, September 9, in Abuja. The session will assemble core regulatory and commercial entities across the hydrocarbon sector to harmonize pitches ahead of the Beijing summit.
The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has endorsed the drive, emphasizing that Nigeria must proactively market its gas reserves to global capital providers.
Ekpo reiterated the federal government’s commitment to implementing the Petroleum Industry Act (PIA) and recent presidential executive orders, observing that institutional alignment is essential to lowering country risk and unlocking foreign investment.
He identified Nigeria’s 215 trillion cubic feet of proven natural gas reserves as a transformative asset for driving domestic industrialization, regional gas export dominance, and global energy integration.
RMAFC confirmed that the summit is fundamentally oriented toward expanding capital expenditure across the hydrocarbon sector, scaling production quotas, and expanding receipts remitted into the Federation Account.