NUPRC drives regulatory functions with global best practices says, Komolafe
NUPRC drives regulatory functions with global best practices says, Komolafe
The Commission Chief Executive CCE of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has disclosed that the Commission is driving energy sustainability through regulatory enablement based global best practices on five-pronged approaches.
The NUPRC Boss made this known while speaking during the 2025 edition of the Oloibiri Lecture Series and Energy Forum (OLEF), organized by the Society of Petroleum Engineers SPE Nigeria Council.
Some of the approaches include introducing responsive and efficient regulation to entrench clarity and predictability, advising governments on national initiatives and strategic direction to govern upstream operation and enabling technology adaptation and deployment for cost-effective, optimized, and sustainable development and production operations.
Others are to create opportunities for industry service providers and the supply chain to ensure the vibrancy of the industry and entrenching decarbonization of upstream operation to facilitate sustained investments and environmental stewardship.
According to him, “I am proud to be associated with the illustrious organization whose ideas of enabling the industry to meet energy demand in a safe, environmentally responsible, and sustainable manner are in alignment with those of the Commission.”
He said, the Commission’s regulatory framework is not just about industry oversight, but also about actively shaping a sustainable and prosperous energy landscape for Nigeria. We are not just a regulator, but we are business enablers.
“As we converge here, we must recognize the pivotal role that the energy sector plays in driving socioeconomic development and prosperity, fostering sustainable growth, and addressing pressing global challenges, including climate change and energy security,” added.
Engr. Komolafe, who was represented at the event underscored the need to make concerted efforts to wade through the fragile business environment by eliminating efficiency, reduce costs, build partnerships, and ensure collaboration in the industry.
