NUPRC, NMDPRA Partner to Boost Sector Efficiency, Attract Investment
Reported by Sele Media Africa| Ihuoma Amarachi
ABUJA, NIGERIA — The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have entered a renewed partnership aimed at enhancing regulatory efficiency and attracting both domestic and foreign investment into Nigeria’s oil and gas sector.
The agreement was formalised during a strategic meeting held at the NUPRC headquarters in Abuja, where both agencies resolved to strengthen collaboration across the upstream, midstream and downstream segments of the industry. [1]At the meeting, the agencies agreed to nominate representatives tasked with resolving regulatory bottlenecks and ensuring seamless oversight. They also pledged to hold quarterly coordination meetings to address industry challenges promptly and streamline decision-making. Oritsemeyiwa Eyesan, the Chief Executive of NUPRC, underscored the importance of synergy between the two regulators, saying effective cooperation is vital for the growth of the sector — “the heartbeat of Nigeria’s economy.” [1]
By aligning their regulatory approaches and harmonising processes across the petroleum value chain, the NUPRC and NMDPRA aim to boost investor confidence, streamline approvals, and promote long‑term sector growth. Both agencies’ leadership highlighted that this strengthened partnership comes at a critical moment as Nigeria seeks to deepen petroleum industry reforms under the Petroleum Industry Act (PIA) and unlock new opportunities for development and economic expansion. [1]
Citations:
1. Punch Newspapers: punchng.com/nuprc-nmdpra-partner-to-boost-sector-efficiency-attract-investment/?utm_source=chatgpt.com
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