NUPRC Hailed As Commission Hits ₦5.21 Trillion Revenue In 2025

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been praised for exceeding its revenue target by hitting ₦5.21 trillion in 2025. The Commission's total earnings were inclusive of Nigerian National Petroleum Company Ltd's joint venture PSC royalty receivables.

The Energy Policy Advancement Centre (EPAC) commended NUPRC for its strategic revenue management in the oil and gas sector. NUPRC's Chief Executive, Gbenga Komolafe, demonstrated effective regulation and accountability in achieving this milestone.

Despite global oil market volatility and domestic production challenges, NUPRC's strong performance strengthened the country's fiscal position. The Commission's debt recovery efforts yielded outstanding results, with cumulative recoveries of billions owed in crude oil lifting contracts.

The Federal Government has tasked NUPRC with raising N15 trillion for national expenditure, with EPAC noting that the Commission is on track to meet this target. EPAC urged oil companies and relevant agencies to support NUPRC in.