NUPRC Board Inaugurated to Strengthen Oil Sector Oversight

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) officially resumed its duties on Tuesday with the inauguration of a new board, led by Chairman Magnu Ab Assur and Chief Executive Oritsemeyiwa Eyesan. The board aims to strengthen the agency's capacity to fulfill its statutory mandate during a period of heightened global oil market uncertainty.

The inauguration took place at the commission's headquarters in Abuja, where the board pledged to enhance regulatory efficiency and address critical challenges, including inadequate office infrastructure. The commission's focus is to provide effective leadership and oversight, ensuring compliance with the Petroleum Industry Act.

Georg Akum, Secretary to the Federal Government, emphasized the government's commitment to reinforcing the petroleum industry's governance structure to boost investor confidence. The board includes members such as Sundai Babalola and Paul Jezhi, and it is tasked with improving the overall competitiveness of Nigeria's upstream sector amidst rising geopolitical tensions affecting the global energy landscape.