Coalition Urges Regulatory Clarity for Nigeria's Oil Sector Growth
The Oil and Gas Reform Alliance (OGRA) stresses the importance of regulatory certainty for the oil and gas sector's momentum in Nigeria. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reveals the country's progress in exceeding its crude oil production targets, aiming for 2.5 million barrels per day by 2026.
Dr. Ibrahim Kalango of OGRA highlights Nigeria's increased investor confidence and operational activities, indicating a positive shift in the sector. Gbenga Komolafe, the NUPRC boss, acknowledges the country's clear path towards production targets, signaling a recovery from past setbacks.
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