NUPRC: Nigeria Attracted $16bn Oil Sector Investment Commitments in Two Years
Emmanuel Addeh in Abuja
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that Nigeria attracted investment of as much as $16 billion
in the two years spanning 2023 to 2025. The Commission Chief Executive (CCE), Gbenga Komolafe, stated this in an address themed: “Strategic Imperatives for Advancing Invest-
ments Through Upstream Petroleum Regulations“ at the Nigeria-China Sustainable Bilateral Business, Trade, And Investment Summit in Lagos. Komolafe stressed that under the current administration, Nigeria’s
oil and gas sector has undergone transformative reforms designed to enhance operational efficiency and global competitiveness. These reforms, he said, are underpinned by a strong commit-
ment to regulatory clarity, investor confidence, ease of doing business, vacating entry barriers, promoting and supporting long-term industry stability, further reinforcing Nigeria as a premier destination for energy
investment. According to him, the presidential reforms were not mere policy rhetoric, but marching orders that Continued on page 9
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