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NUPRC’s adoption of technology-driven oversight enhances transparency, regulatory efficiency, and investor trust.
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BusinessMetrics report praises digitalization, noting faster approvals, better data integrity, and alignment with the Petroleum Industry Act (PIA).
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Reforms positioned to strengthen Nigeria’s competitiveness in the global energy market and accelerate project execution.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is recording significant success in implementing reforms under the Petroleum Industry Act (PIA), according to a report by industry evaluator BusinessMetrics.
The report indicates that the commission’s digital reforms have boosted investor confidence and repositioned Nigeria’s upstream oil sector for sustainable growth.
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Over the past year, NUPRC has deployed technology-driven oversight systems to track production, metering accuracy, fiscal compliance, and environmental performance. These tools have reduced reporting delays, improved data integrity, and enhanced the credibility of upstream data globally.
“The availability of reliable, real-time data is one of the strongest indicators of a trustworthy investment climate,” the report stated.
The evaluator also highlighted that clearer approval timelines, structured engagement with operators, and better alignment with PIA provisions have created a more efficient operating environment, accelerated project timelines, and minimized administrative bottlenecks.
These reforms, the report suggests, are key to maintaining Nigeria’s competitive edge in the global energy market and ensuring continued investor participation in the upstream sector.
