The Nigerian Government has inaugurated a new board for the Nigerian Upstream Petroleum Regulatory Commission, NUPRC.
The government charged members to strengthen governance, improve transparency, and guide Nigeria’s upstream petroleum sector.
Speaking in Abuja, the Secretary to the Government of the Federation, George Akume, said the move shows the administration’s commitment to strong institutions.
He added that the board will improve regulatory efficiency in the oil and gas industry.
In addition, Akume said the board will provide oversight, policy direction, and institutional stability.
Akume stressed that the inauguration aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu.
He noted that the policy focuses on integrity, rule of law, and effective public service.
Therefore, the new board is expected to boost investor confidence and support long-term growth.
The board chairman, Magnus Abe, assured that members will work closely with management.
He said the board will focus on improving performance and delivering on its mandate.
Meanwhile, Abe highlighted the need to improve the Commission’s working environment.
He said better office space will help staff productivity.
The Commission Chief Executive, Oritsemeyiwa Eyesan, described the inauguration as timely.
She said the global oil and gas sector faces uncertainty due to geopolitical tensions and energy transition.
However, she added that Nigeria must respond to both risks and opportunities.
Eyesan reaffirmed the Commission’s commitment to reforms.
She said NUPRC will continue to improve efficiency and strengthen the sector.
In addition, she noted that the board will help ensure accountability and regulatory independence.
The new board includes representatives from key institutions and industry stakeholders.
Overall, the inauguration marks a step toward stronger governance in Nigeria’s oil sector.
It also signals efforts to attract investment and ensure sustainable development.
