What Think Tank said about NUPRC's Komolafe's $600bn lifeline for Africa’s energy

• The African Centre for Energy Investment and Policy (ACEIP) has reacted to NUPRC boss, Gbenga Komolafe's $600 cardinal lifeline telephone for Africa’s energy
• The Think Tank described Komolafe's telephone arsenic a realistic and urgent lifeline for the continent’s vigor security
• The radical said $600 cardinal is the minimum needed for Africa to powerfulness homes, industries, hospitals, and schools.

Legit.ng writer Adekunle Dada has implicit 8 years of acquisition covering metro, authorities policy, and planetary issues

FCT, Abuja - Engr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has received monolithic backing for his telephone for the African contented to unafraid astatine slightest $600 cardinal annually successful upstream lipid and state investment.

The African Centre for Energy Investment and Policy (ACEIP) described Komolafe’s telephone arsenic a realistic and urgent lifeline for the continent’s vigor security.

ACEIP says NUPRC brag Komolafe’s $600 cardinal telephone is not an exaggeration. Photo credit: @NUPRCofficial
Source: Facebook

The Executive Director of ACEIP, Dr. Amaka Chima Ezeanochie, said Komolafe’s connection astatine the 2025 Africa Energies Summit successful London was a timely intervention.

According to Ezeanochie, Komolafe’s connection captures the seriousness of Africa’s vigor demands successful a satellite pushing aggressively toward decarbonisation.

Ezeanochie made this known successful a connection issued connected Tuesday, May 20, 2025, and made disposable to Legit.ng.

“We indispensable halt pretending that Africa tin leapfrog into renewables without archetypal solving its foundational vigor entree crisis. Komolafe’s $600 cardinal telephone is not an exaggeration — it is the minimum needed if we are to powerfulness homes, industries, hospitals, and schools crossed the continent. This is not a luxury. It is simply a lifeline,”

ACEIP threw its value down Komolafe for informing against a one-size-fits-all planetary vigor narrative.

“There is simply a unsafe presumption that what works for Europe oregon North America indispensable enactment for Africa. But Africa’s vigor world is unique. We are the slightest electrified continent, and we person a close to usage each disposable assets — including lipid and state — to conscionable our improvement goals,”

The radical person said Komolafe’s accent connected concern flows into Nigeria’s upstream assemblage was particularly critical.

She said this is due to the fact that of Nigeria’s proven reserves and caller regulatory milestones.

“Nigeria has implicit 210 trillion cubic feet of state and 37 cardinal barrels of oil. These are not stranded assets. With the close investment, they are the gathering blocks of concern growth, occupation creation, and determination vigor integration. We’re not talking mentation — we’re talking astir powering lives and unlocking economical value,”

ACEIP praised NUPRC’s implementation of the Petroleum Industry Act (PIA), highlighting the reforms arsenic a catalyst for capitalist assurance and operational momentum successful Nigeria’s upstream sector.

NUPRC brag showcases upstream reforms successful London

Recall that the Federal Republic of Nigeria is gaining renewed planetary attention arsenic a hotspot for lipid and state concern successful the world.

The NUPRC attracted planetary investors successful the coil and assemblage to the country.

Komolafe showcased the strategical reforms successful its upstream assemblage during the acme successful London, United Kingdom.

NUPRC's task is 1 cardinal barrels per time

Meanwhile, Legit.ng reported that the Extractive Industry Transparency Forum (EITF) showered praises connected the NUPRC.

The salient civilian nine watchdog successful Nigeria’s lipid and state operations said NUPRC's Project One Million Barrels Per Day is simply a imaginable lifeline for Nigeria’s crude accumulation and economical stability.

The President of EITF, Dr. Sani Yusuf Kura, said the task is simply a motion that the NUPRC nether the enactment of Gbenga Komolafe understands the urgency of the moment.

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Source: Legit.ng