RMAFC plans China summit to attract oil, gas investments

The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has initiated consultations with key government agencies to prepare for an oil and gas investment summit in China, aimed at attracting fresh capital into Nigeria's energy sector and boosting revenue for the Federation Account. The summit, tentatively scheduled for late November 2026, will focus on investment opportunities in the upstream and downstream segments of the oil and gas industry, with emphasis on Nigeria's abundant gas resources.

RMAFC's Head of Information and Public Relations, Maryam Umar-Yusuf, announced the engagement led by Dr. Ekene Enefe, Chairman of the RMAFC Investment Monitoring Committee and Federal Commissioner representing Anambra State. The initiative seeks to increase investment in the petroleum sector and expand revenues available for distribution among the three tiers of government.