Global Watchdog Applauds Nigeria's NUPRC $10bn Licensing Round for Transparency and Investment
The Global Energy Transition Institute (GETI) lauded Nigeria's National Upstream Petroleum Regulatory Commission (NUPRC) for its $10 billion licensing round in the oil and gas sector, signaling a shift towards transparency and digitalization. Dr. Jonathan Whitfield, the Executive Director of GETI, commended the initiative as a global model for governance standards.
The licensing round covers 50 oil and gas blocks, aiming to attract fresh investments and increase Nigeria's reserves by two billion barrels over the next decade. The process emphasizes transparency, investor confidence, and public disclosure, setting a benchmark for regulatory reforms in the African oil sector.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
UK Energy Watchdog Applauds Nigeria's $10B Oil Licensing Round for Transparency and Investment
NUPRC Targets $10 Billion Investments in Nigerian Oil Blocks by 2025
NUPRC's Reforms Boost Investor Confidence in Nigeria's Oil Sector
Nigeria's NUPRC Sparks Investor Confidence with 2025 Oil Licensing Round
NUPRC's Reforms Boost Nigeria's Business Environment and Oil Sector Transparency
Nigeria's NUPRC Lists 50 Oil Blocks in Licensing Round to Attract $10 Billion Investments
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
