NUPRC Commended for Transparent Handling of Frontier Exploration Funds in Nigeria's Oil Sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) received commendation for its transparent release of Frontier Exploration Funds (FEF) and coordination with the Nigerian National Petroleum Corporation (NNPC). Dr.

Randy Amuch, Executive Director of the African Energy Policy Alliance (AEPA), lauded NUPRC's professionalism and transparency. The commission clarified the approval and release of $185 million (N14.9 billion) to NNPC, reinforcing its reputation.

The seamless coordination between NUPRC and NNPC was highlighted as a model for regulatory-industry synergy in Nigeria's oil and gas sector.