NUPRC Commended For Opening 2025 Oil Licensing Round

The Energy Governance Alliance (EGA) has applauded the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its decision to open the 2025 oil licensing round on December 1.

The group described the move as a “bold statement of confidence” in the country’s upstream sector and a clear signal that Nigeria is serious about restoring its competitiveness in the global oil market.

In a statement issued on Wednesday by its Executive Director, Dr. Kelvin Sotonye William, the alliance said the move represents one of the most significant policy milestones since the enactment of the Petroleum Industry Act (PIA), noting that it demonstrates President Bola Tinubu’s commitment to attracting investment and repositioning the oil and gas sector for long-term growth.

“The NUPRC has taken a decisive step that goes beyond opening new oil blocks; it is opening a new chapter of credibility and investor confidence in Nigeria’s petroleum industry. By anchoring this licensing round on transparency, data integrity, and predictable regulation, the Commission is sending a message to the world that Nigeria’s upstream business is once again open for fair, accountable, and profitable investment,” Dr William said.

The group lauded Engr. Gbenga Komolafe, Chief Executive of the NUPRC, for his reform-driven leadership, which he said has “restored discipline and clarity” to an industry long plagued by institutional overlap and operational inefficiency.

“Under Engr. Komolafe’s leadership, the NUPRC has become the symbol of what the PIA envisioned — a modern, independent regulator that acts as a business enabler rather than a bureaucratic bottleneck. This licensing round reflects that vision in action. It is data-driven, investor-oriented, and fully aligned with the national ambition of expanding production by one million barrels per day,” the statement reads.