Oil sector regulators team up to attract more investment
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have agreed to work more closely to boost efficiency and investment in Nigeria’s oil and gas sector. The collaboration was formalised at a meeting attended by agency heads, including Oritsemeyiwa Eyesan and Saidu Mohammed. Both agencies plan to resolve regulatory challenges together and hold regular meetings to streamline processes. The partnership is expected to promote investor confidence and drive growth in the industry.
TLDR
- NUPRC and NMDPRA have renewed efforts to enhance regulatory efficiency and attract investment in Nigeria’s oil and gas sector.
- The agencies will hold quarterly meetings to strengthen communication and resolve challenges swiftly.
- Oritsemeyiwa Eyesan emphasised the importance of synergy between the agencies for industry growth.
- The partnership aims to streamline regulatory processes and boost investor confidence.
- Eyesan invited the NMDPRA Chief Executive to the pre-bid conference for the ongoing licensing round in Lagos on January 14, 2026, which offers 50 oil and gas blocks.
