NUPRC Honoured for Transparency, Komolafe's Leadership Lauded

NUPRC Honoured for Transparency, Komolafe's Leadership Lauded

Public Space Tracker, a West African organisation, has recognised the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as the most transparent and outstanding government agency in Nigeria.

This commendation highlights the exceptional leadership of Engr. Gbenga Komolafe, NUPRC's Chief Executive, whose tenure has established new standards for accountability and efficiency in Nigeria's oil and gas sector.

Remarkable openness, policy innovation, integrity

Gbenga Komolafe repositions NUPRC for transparency
Group praises NUPRC as the most transparent agency under Komolafe. Credit: NUPRC
Source: Facebook

The Public Space Tracker praised NUPRC for its "remarkable openness, policy innovation, and integrity" in managing Nigeria's upstream petroleum resources since Komolafe took office.

The Commission is viewed as a model for regulatory agencies in a democracy, proving that transparency in resource governance is a measurable and achievable practice.

Clear data restores stakeholder confidence

Dr. Ousman Zaharadeen, Convener of the Public Space Tracker, noted that NUPRC, under Komolafe, has provided clear data on oil production, licensing, royalties, and revenue remittances. This transparency has significantly boosted confidence among investors, civil society organisations, and citizens.

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Purposeful leadership drives efficiency, trust

Zaharadeen emphasised that Komolafe's purposeful leadership demonstrates how a government institution can achieve both transparency and efficiency.

NUPRC excels in publishing credible information, engaging sincerely with stakeholders, and ensuring fair and accountable management of Nigeria's petroleum resources, making it the most transparent agency in Nigeria.

Publishing industry statistics, fostering trust

The group highlighted NUPRC's consistent publication of industry statistics, compliance with the Petroleum Industry Act (PIA), and regular engagements with communities, operators, and civil society.

These actions have enhanced public accountability and Nigeria's global image in resource governance.

Reducing opacity, curbing corruption

According to Zaharadeen, NUPRC's transparency initiatives have effectively reduced the historical opacity and corruption in Nigeria's oil and gas industry.

By leading reforms in upstream petroleum regulation, the Commission is guiding Nigeria towards greater energy justice and fiscal discipline.

Curbing leakages, boosting government revenue

The Commission's insistence on real-time crude oil production monitoring and strong regulatory oversight has significantly curbed leakages and increased government revenues.

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Its engagement with host communities also exemplifies people-centred and inclusive extractive governance.

Critical to production, revenue improvement

Public Space Tracker commended NUPRC's collaborative approach to combating oil theft, recognising its critical role in recent improvements in production and revenue generation.

Credibility attracts serious-minded investors

NUPRC's operational openness has earned it credibility both domestically and internationally.

This has made Nigeria more attractive to serious investors, who can clearly see that rules are consistent, clear, and fairly applied.

Emulating transparency, rebuilding public trust

The organisation urged other government agencies to adopt NUPRC's approach, stressing that transparency and accountability are vital for rebuilding citizens' trust in governance.

Strengthening institutions, benefiting citizens

Zaharadeen stated that Nigeria needs regulators in every sector to match NUPRC's example. This is about measurable actions that strengthen institutions, reassure investors, and ultimately benefit ordinary citizens.

Sustaining transparency for fiscal strength

Public Space Tracker expressed confidence that under Komolafe's leadership, NUPRC will continue to deepen transparency, strengthen Nigeria's fiscal base, and drive the country's transition towards a more accountable resource economy.

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Komolafe blazes the trail at NUPRC, wins accolades
Komolafe praised for NUPRC's operations and transparency in Africa. Credit: NUPRC.
Source: Twitter

Recognition for exemplary, outstanding leadership

The statement concluded by recognising NUPRC as the most transparent and outstanding agency in the federation, commending Engr. Komolafe for his exemplary leadership and urging him to sustain this trajectory of openness, accountability, and innovation.

NUPRC clarifies oil block license process

Legit.ng earlier reported that claims of irregularities in the 2024 Oil Block Licensing Round have been rejected by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

In a statement released, the NUPRC denied allegations made by an online newspaper that blocks were improperly distributed to firms with dubious eligibility and that violations of oil licensing rules had occurred.

According to Commission Chief Executive Gbenga Komolafe, the licensing cycle was carried out in complete accordance with the NUPRC's licensing regulations and the Petroleum Industry Act (PIA) of 2021.

Source: Legit.ng

Authors:
Pascal Oparada avatar

Pascal Oparada (Business editor) For over a decade, Pascal Oparada has reported on tech, energy, stocks, investment, and the economy. He has worked in many media organizations such as Daily Independent, TheNiche newspaper, and the Nigerian Xpress. He is a 2018 PwC Media Excellence Award winner. Email:pascal.oparada@corp.legit.ng