Oil and gas sector: Why Komolafe must be commended - Stakeholders

2 weeks ago 7
  • Civil nine groups, academics, and accepted leaders praised the Commission’s efforts successful implementing the Petroleum Industry Act (PIA) nether Gbenga Komolafe
  • Experts highlighted the Commission’s relation successful promoting owed process, fiscal openness, and civic inclusion successful Nigeria’s upstream petroleum sector
  • Community leaders and students expressed optimism, citing improved engagement and renewed anticipation successful assemblage governance reforms

Warri, Delta authorities - The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has received wide commendation from stakeholders for its efforts to entrench transparency successful Nigeria’s lipid and state sector.

Civil nine organisations, academics, accepted rulers, and students successful a connection made disposable to Legit.ng on Monday, June 23, hailed the Commission’s show nether the enactment of Chief Executive, Gbenga Komolafe, particularly successful implementing cardinal provisions of the Petroleum Industry Act (PIA).

Gbenga Komolafe has been hailed for ensuring transparency successful  the lipid  and state  sector.Gbenga Komolafe has received praise for promoting transparency successful Nigeria’s lipid and state industry. Photo credit: Gbenga Komolafe
Source: Facebook

The commendation came astatine a one-day stakeholder forum titled “Situation Room connected Monitoring of PIA”, held successful Warri, Delta state.

The lawsuit was organised by the Centre for Social Justice, Equity and Transparency (CESJET) successful concern with Shafana Enterprises Limited.

NUPRC seen arsenic a stabilising force

Delivering the keynote address, Dr Henry Efemona Idudje of the Federal University of Petroleum Resources, Effurun, described the NUPRC arsenic “a stabilising force” successful the petroleum industry, crediting the bureau for implementing transparency measures outlined successful the PIA.

“Under Komolafe, the Commission has taken disposable steps to extremity the epoch of opaque regularisation successful the upstream sector. “From transparent licensing rounds to clearer fiscal disclosures, we are seeing improvements successful however the assemblage is managed," Idudje stated.

He emphasised that sustained transparency would pull semipermanent concern and trim tensions successful oil-producing regions.

Experts applaud ineligible compliance and civic inclusion

Also speaking astatine the forum, petroleum instrumentality student Dr Arisabor Lucky praised the Commission’s “visible committedness to owed process and accountability”, noting that the PIA’s interaction depends heavy connected effectual enforcement.

“The instrumentality is lone arsenic effectual arsenic its enforcers. What we’ve seen from the NUPRC truthful far, peculiarly with respect to big assemblage provisions and reporting obligations, is commendable," helium said.

A typical of the Nigeria Maritime University, Delta state, highlighted the value of civilian nine participation, saying:

“NUPRC’s openness to civic information and information sharing represents a large departure from the past. We impulse the Commission to support that doorway open.”

Forum evaluates advancement connected Renewed Hope agenda

Stakeholders applaud Gbenga Komolafe’s efforts to entrench transparency successful  lipid  and state  regulation.Transparency reforms successful the lipid and state assemblage credited to the enactment of Gbenga Komolafe. Photo credit: @officialABAT
Source: Twitter

Mallam Nasir Abdulquadri, Project Manager astatine Shafana Enterprises, said the forum aimed to measure however efficaciously institutions similar the NUPRC were implementing the PIA, which helium described arsenic “one of the astir consequential legislative interventions successful Nigeria’s lipid and state history”.

He added,

“What we request present is consistency and openness. NUPRC, nether Komolafe, is showing that commitment. The Commission’s reforms intelligibly align with President Bola Tinubu’s Renewed Hope agenda.”

Abdulquadri called for stronger monitoring mechanisms and improved assemblage feedback channels to consolidate gains.

Host communities and youths explicit optimism

Traditional leaders besides praised the Commission’s assemblage engagement efforts. Chief Ekeme Otuedon, a monarch from Delta state, said the regulator’s accrued visits and consultations had improved assemblage trust.

“We person seen much consultation, much visits, and amended connection from the regulator successful the past year. That makes a quality successful however communities respond to authorities presence," helium said.

Fejiro Oghenegivwe, a pupil from Delta State University, said young radical were inspired by the improvements successful assemblage governance.

“As aboriginal engineers and scientists, we are encouraged by the advancement successful transparency and regulatory reform. It gives america anticipation that merit and accountability are becoming the norm successful this industry,” she said.

Fuel prices surge astatine depots nationwide

Legit.ng earlier reported that arsenic of Saturday, June 21, 2025, fuel depot prices across Nigeria person surged, with petrol and diesel signaling important hikes successful galore locations.

A five-day reappraisal showed accrued hostility successful the planetary crude lipid marketplace and rising transport costs.

The five-day reappraisal covers large petroleum merchandise hubs crossed the Dangote Refinery and respective different depots nationwide.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng

Read Entire Article