NUPRC, NMDPRA companion to spice up sector effectivity, appeal to funding

The Nigerian Upstream Petroleum Regulatory Fee and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have renewed efforts to reinforce regulatory effectivity and foster investments in Nigeria’s oil and fuel sector, signalling a brand new period of cooperation between the 2 businesses.

An announcement signed by the Head of Media and Strategic Communication at NUPRC, Eniola Akinkuotu, confirmed that the collaboration was formalised throughout a gathering on the Fee’s company headquarters in Abuja on Thursday.

On the assembly, each businesses agreed to work extra carefully, nominating representatives to deal with and resolve regulatory bottlenecks throughout the upstream, midstream, and downstream segments.

The partnership goals to advertise investor confidence, streamline regulatory processes, and drive progress within the sector.

The assertion partly learn, “The Nigerian Upstream Petroleum Regulatory Fee and the Nigerian Midstream and Downstream Regulatory Authority have taken vital steps towards enhancing regulatory effectivity and inspiring investments in Nigeria’s oil and fuel sector.”

To institutionalise the collaboration, NUPRC and NMDPRA resolved to carry quarterly conferences to strengthen communication, resolve challenges swiftly, and align regulatory approaches throughout the oil and fuel worth chain.

Talking on the assembly, NUPRC Chief Government, Oritsemeyiwa Eyesan, emphasised the significance of synergy between the 2 businesses.

She stated, “Whether or not we’re speaking concerning the upstream, midstream or downstream, we’re enablers for the business, and certainly, we all know that the business is the heartbeat of the nation’s financial system. So, we’re dedicated to making sure that issues work correctly and the business grows astronomically.

“We can not try this if we don’t work collectively as a result of, as everyone knows, typically there isn’t any fantastic line between upstream, midstream and downstream. And if we aren’t working collectively, then that turns into an issue. So, I consider that this would be the starting of many extra interactions.”

She described the assembly as a testomony to renewed dedication, stating that each businesses are “placing forces collectively to make sure that the business grows.”

She additionally invited the NMDPRA Chief Government to the pre-bid convention for the continued licensing spherical in Lagos on January 14, 2026, which presents 50 oil and fuel blocks and is predicted to draw substantial home and overseas funding.

Responding, NMDPRA Chief Government, Saidu Mohammed, highlighted the shared historical past of the 2 businesses as offshoots of the previous Division of Petroleum Assets.

He urged harmonious collaboration, noting, “We should enhance this relationship between brother and sister businesses.”

The partnership underscores the businesses’ renewed dedication to fostering regulatory effectivity, boosting investor confidence, and driving long-term progress in Nigeria’s oil and fuel sector, promising tangible advantages for the nation’s financial system within the years forward.

President Bola Tinubu appointed Eyesan and Mohammed in December 2025 following the resignations of the previous heads of NUPRC, Gbenga Komolafe, and NMDPRA, Farouk Ahmed.