NUPRC’s chief executive says Africa is at the forefront of the global energy scene, as supply shortages and geopolitical tensions continue to reshape the oil and gas industry.
Mr Akume commended members of the board.
![Nigerian Upstream Petroleum Regulatory Commission [NUPRC]](https://gazettengr.com/wp-content/uploads/NUPRC.png)
NUPRC has charged the Independent Petroleum Producers Group to uphold industry standards to strengthen human capital development.
The Nigerian Upstream Petroleum Regulatory Commission says recent reforms have unlocked over $10 billion in upstream oil and gas investment.
Ms Eyesan attributed February’s production dip to incidents at key facilities and scheduled turnaround maintenance.
In December 2025, the NUPRC opened bidding for 50 oil and gas blocks, aiming to attract $10 billion in investment.
The NRS broke its record revenue collection, posting N28.3 trillion, surpassing the set target of N25.2 trillion for 2025.
The NUPRC boss emphasised that the bid process will fully comply with the Petroleum Industry Act (PIA) and remain open to public and institutional scrutiny.
Mr Ife noted that the newly established NRS now has the exclusive mandate to collect all petroleum-related taxes and royalties.
Mr Yusuf urged NMDPRA to place domestic refining at the centre of its framework, aligned with the Nigeria-First policy and industrialisation agenda.
