The Forum of Retired Oil Workers has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to maintain its reform momentum and strengthen accountability in the oil and gas sector. The forum praised the commission’s leadership under Engr. Gbenga Komolafe for establishing a new standard of transparency, efficiency, and investor confidence. According to forum president Richard Jackson, the commission’s reform strategies have already yielded results, with rig activity rising from eight in 2021 to 70 currently and oil production increasing to 1.8 million barrels per day. The forum attributes this growth to the NUPRC’s focus on transparency, efficiency and investor confidence in the upstream sector.
Retired oil workers emphasized the need to deepen stakeholder engagement and uphold global best practices in governance, safety and transparency to sustain the sector’s current growth trajectory. They stressed that the commission must continue to hold operators accountable while consolidating the gains of ongoing reforms to ensure lasting stability and profitability in Nigeria’s oil and gas industry. Under Komolafe’s leadership, the NUPRC has shown that responsible regulation and reform‑driven leadership can reposition Nigeria as a trusted destination for global energy investment.
The forum’s call for sustained reform momentum and deeper stakeholder engagement highlights the need for the commission to build on its achievements and address the challenges facing the oil and gas sector. After years of declining production and waning investor confidence, the NUPRC’s reform efforts have helped reverse the trend, attracting increased investment and activity. The commission’s commitment to transparency, accountability and global best practices has been instrumental in drawing investors and promoting sector growth.
As the oil and gas industry continues to evolve, the NUPRC’s ability to sustain reform momentum and deepen stakeholder engagement will be crucial for maintaining investor confidence and fostering sustainable growth. The forum’s appeal for continued reform and accountability underscores the importance of the commission remaining vigilant and committed to its goals, ensuring that the sector remains a trusted and attractive destination for global energy investment.
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