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Komolafe: Nigeria’s Upstream Reforms Driving Oil Output, Gas Investment
Nigeria is witnessing a significant boost in oil production and gas investment, thanks to sweeping reforms in its upstream sector, according to Engr. Gbenga Komolafe, Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Speaking at the 2025 Africa Energies Summit in London, Komolafe outlined the strategic interventions fueling renewed investor confidence and operational momentum in Africa’s largest energy market.
Komolafe said Nigeria’s upstream transformation is anchored on three core pillars: transparent licensing rounds, quality subsurface data, and bold regulatory reforms enabled by the Petroleum Industry Act (PIA).
These reforms, he noted, are positioning the country as a competitive, attractive, and investor-friendly destination.
“Each of these awards and rounds was conducted with unprecedented transparency, unmatched competitiveness, and remarkable investor engagement,” Komolafe said.
“Collectively, they have repositioned Nigeria as a prime destination for oil and gas investment, while reaffirming our commitment to global standards of excellence, innovation, and partnership.”
At the heart of this transformation, he said, is access to high-quality seismic and geological data which are critical for risk assessment and investment decisions.
NUPRC, in collaboration with global partners, has embarked on one of Africa’s most ambitious data acquisition efforts.
“Through a landmark partnership with TGS-PetroData and other multiclient service providers, the NUPRC embarked on one of Africa’s most ambitious data acquisition and reprocessing campaigns, acquiring over 11,000 square kilometers of 3D seismic data as part of the broader 56,000 sq km Awalé Project,” he said.
“At the heart of this revolution also is our National Data Repository (NDR), which houses one of the most extensive seismic databases on the continent and records from over 10,000 wells, enabling both physical and remote access for thorough technical due diligence.
“This wealth of accessible, high-quality data has not only empowered investor confidence during recent bid rounds but has firmly repositioned Nigeria as one of the most data-rich and investment-ready destinations in the global energy landscape.”
Komolafe also highlighted the impact of recent policy moves under President Bola Tinubu’s administration, including the reduction of entry barriers and the rollout of incentives tailored to global realities.
“Today, entry fees are pragmatic, calibrated to global realities, and tailored to support commercial viability on a case-by-case basis,” he stated.
“Through the Presidential Executive Orders and the proactive stance of the NUPRC, Nigeria has redefined itself not only as a land of vast hydrocarbon potential but as a destination where opportunity meets ease of doing business, certainty, and investor value.”
As a result, Nigeria has seen rig counts rise from eight in 2021 to 36 today with projections to hit 50 by the end of 2025.
“New investors, empowered by clarity and quality, have entered our sector; oil and gas reserves and production have increased, while rig counts have surged from 8 in 2021 to 36 currently,” Komolafe noted.
“With 210.54 trillion cubic feet of natural gas reserves, the largest in Africa, and 37.28 billion barrels of crude oil reserves, Nigeria holds enormous reserves.”
To consolidate these gains, the NUPRC launched the “Project 1 Million Barrels per Day” initiative, aimed at increasing crude oil output by over a million barrels daily above the October 2024 baseline. Komolafe said the results are already evident.
“Since the launch of the project, we have achieved a notable increase in daily production, recently reaching 1.78 million barrels per day, up from a baseline of 1.46 million barrels per day in October 2024,” he said.
“To sustain momentum, the NUPRC is fast-tracking rig licensing and is set to introduce digital tools aimed at optimizing rig utilization and securing long-term contracts.”
While challenges remain, Komolafe affirmed that Nigeria is not short of ambition or action.
The CCE called on international partners, financiers, and technology leaders to join hands with Nigeria to unlock its full upstream potential — offering a blend of opportunity and certainty rarely found in the global energy landscape.
“Distinguished Investors and Partners, our drive to tackle production and evacuation challenges has presented several opportunities in a wide range of upstream activities including reviving shut-in wells, executing workover campaigns, deploying enhanced oil recovery techniques in mature fields, and advancing new development drilling across both brownfields and underdeveloped assets. These efforts must be supported by robust reservoir management and real-time production optimization,” he added.
“Additionally, Nigeria’s youthful population presents a unique opportunity to drive innovation and workforce development in the exploration of frontier basins as well as the advancement of decarbonisation technologies in the oil and gas sector.
“Nigeria is not waiting on the sidelines. We are standing boldly at the center; fully ready, capable, and determined to lead. In this new energy era, our initiatives and strategic efforts are designed to deepen investor confidence, drive sustainable growth, bridge the gap between resource potential and actual production, unlock the full value of our upstream assets, and deliver tangible results that advance shared prosperity.”
With the right reforms in motion and a clear vision for sustainability, experts say Nigeria stands ready to harness its full upstream potential and become a cornerstone of Africa’s energy future.
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NMDPRA’s Fresh Import Licences Will Encourage Dumping of Low-Quality Petrol, Undermine Local Refineries — Energy Transparency Group
The decision by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to resume the issuance of petrol import licences has drawn sharp criticism from industry advocates, who warn that the move risks undermining domestic refining efforts and exposing the market to substandard fuel products.
In a statement issued on Wednesday, the Energy Transparency and Market Justice Initiative (ETMJI) condemned the regulator’s action, describing it as a policy reversal that could weaken recent gains in local supply while encouraging the inflow of lower-quality petroleum products.
The regulator had earlier maintained that domestic refining capacity was sufficient to meet national demand, suspending the issuance of import licences in February. However, following supply disruptions linked to the Middle East crisis, the agency granted fresh licences to six marketers to import about 180,000 metric tonnes of petrol in a bid to stabilise supply.
While the NMDPRA has framed the move as a temporary intervention, ETMJI said the decision reflects deeper inconsistencies in regulatory direction and raises concerns about quality control in Nigeria’s downstream sector.
Dr Salako Kareem, who signed the statement, said the reintroduction of petrol imports under emergency conditions risks opening the floodgates to products that may not meet required specifications.
“What we are witnessing is a deeply flawed response to a complex problem. Attempting to resolve supply shortages by reintroducing large-scale fuel imports, without watertight quality assurance, is comparable to using poison to cure a disease. It may appear to offer immediate relief, but in reality, it introduces far more dangerous consequences for consumers, the market, and the integrity of the regulatory system,” he said.
Kareem argued that rather than reverting to import dependence, the regulator should have prioritised strengthening domestic supply chains and addressing distribution inefficiencies that often create artificial scarcity.
According to him, the decision sends conflicting signals to investors in local refining, particularly at a time when Nigeria is seeking to reduce its reliance on imported petroleum products.
“This policy direction undermines the confidence of investors who have committed resources to building domestic refining capacity. When the regulator oscillates between import substitution and import expansion without a clear framework, it creates uncertainty that discourages long-term investment and planning in the sector. You cannot, on one hand, advocate self-sufficiency and, on the other, reopen the gates to imports at the slightest disruption,” Kareem said.
The group also raised concerns about the potential economic implications of renewed import activity, noting that increased reliance on imports could exert pressure on foreign exchange and contribute to higher landing costs, which are often passed on to consumers.
ETMJI insisted that external shocks should not justify what it described as a “regulatory backslide” in Nigeria’s fuel supply strategy.
Kareem said the focus should instead be on building resilience within the domestic market by improving logistics, enforcing quality standards and supporting local refiners to operate at optimal capacity.
“Short-term fixes that rely on imports may offer temporary relief, but they do not address the structural weaknesses in Nigeria’s petroleum supply chain. What is required is a disciplined commitment to strengthening local production, enhancing regulatory oversight and ensuring that every litre of fuel consumed in this country meets strict quality benchmarks,” Kareem declared.
He further warned that the reintroduction of imports without stringent monitoring mechanisms could revive long-standing issues of product adulteration and regulatory arbitrage, where market players exploit loopholes for profit.
The advocacy group called on the NMDPRA to provide full transparency on the criteria used in issuing the new licences, including safeguards put in place to prevent the entry of substandard products into the Nigerian market.
It also urged the federal government to align regulatory actions with its broader energy transition and economic diversification goals, stressing that inconsistent policies could erode public trust and delay progress in the sector.
As Nigeria continues to navigate a complex energy landscape shaped by both domestic constraints and global uncertainties, stakeholders say the balance between ensuring supply and maintaining standards will remain a critical test of regulatory credibility.
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Zamfara 2027: Northern APC Peace Agenda applauds Matawalle, Dauda Lawal’s reconciliation
…commends Matawalle’s large heart, love for President Tinubu’s success above personal interest
The Northern APC Peace Agenda has commended the political reconciliation between Zamfara State governor, Dauda Lawal, and his predecessor, Bello Matawalle, describing their alliance under the All Progressives Congress (APC) as a stabilising development ahead of the 2027 elections.
In a press statement issued on Wednesday in Kaduna and signed by its president, Alhaji Rabiu Ahmad, the group said Matawalle’s decision to forgo any governorship ambition and back Lawal reflects political maturity and a broader commitment to unity within the ruling party.
Matawalle, who currently serves as minister of state for defence, had publicly declared that he would not contest the 2027 governorship election, throwing his weight behind Lawal during a high-profile reception marking the governor’s defection to the APC in Gusau.
Lawal’s move from the Peoples Democratic Party (PDP) to the APC effectively realigns Zamfara’s political landscape, bringing both the incumbent and former governors into the same political fold.
The reception, attended by top party figures including Vice-President Kashim Shettima, underscored the significance of the development for the APC’s electoral calculations in the north-west region.
Reacting to the development, Ahmad said the reconciliation signals a rare moment of political responsibility and strategic foresight in a region often defined by intense rivalries.
“The coming together of Governor Dauda Lawal and former Governor Bello Matawalle under one political platform represents a turning point for Zamfara State,” Ahmad said.
“This is not just a political alignment; it is a demonstration of maturity, restraint, and a shared commitment to the stability and progress of the state. At a time when political divisions often undermine governance, this reconciliation sends a powerful message that unity can be prioritised over personal ambition.”
He added that Matawalle’s decision to step aside for Lawal underscores the “large heart” and a clear prioritisation of national interest and party cohesion.
“We commend former governor Matawalle for placing the success of President Bola Tinubu’s administration above personal political considerations,” the statement reads.
“Such a decision reflects loyalty, discipline, and an understanding that the strength of the party and the country must come before individual aspirations. This is the kind of leadership that inspires confidence and strengthens democratic institutions.”
The Northern APC Peace Agenda further noted that the development could reshape political dynamics in Zamfara and the wider north-west region if sustained.
“This alignment has the potential to reset the political trajectory of Zamfara State. With both past and present leadership working together, there is now an opportunity to deepen governance, strengthen grassroots mobilisation, and deliver meaningful development to the people. We believe this unity, if maintained, will not only benefit Zamfara but also contribute to broader stability within the region,” Ahmad said.
The group also described Lawal’s defection as a pragmatic move that aligns the state more closely with the centre, potentially improving policy coordination and access to federal support.
Top APC figures have similarly welcomed the development. The party’s national chairman, Nentawe Yilwatda, said the APC continues to attract leaders committed to governance and national development.
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Ban on Sachet Alcohol May Trigger Job Losses, Protesters Warn
Tension flared in Abuja on Wednesday as a coalition under the aegis of Concerned Citizen for Change staged a protest, calling for the immediate removal of the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Christianah Adeyeye, over what they described as “gross incompetence and abuse of office.”
Addressing journalists during a press conference at the protest ground, the group’s Director, Amb. Kingsley Nwanze, criticised the agency’s enforcement of a ban on sachet alcohol and 200ml PET bottle alcoholic products, describing the move as “illegal, arbitrary and economically damaging.”
Nwanze alleged that the enforcement contravenes existing national alcohol policy provisions approved by the Federal Ministry of Health, as well as a presidential directive halting disruptions of affected businesses pending the outcome of stakeholder consultations.
According to him, the action also disregards resolutions of the House of Representatives, which had earlier advised against the ban following a public hearing involving key industry stakeholders.
“The decision is capable of triggering civil unrest and undermining ongoing economic reforms. It will harm legitimate businesses, lead to job losses, and create room for illicit and unregulated products to thrive,” he said.
The group argued that sachet and small-volume alcoholic beverages serve low-income consumers and provide controlled consumption options, contrary to claims that they encourage abuse, particularly among minors.
They further maintained that industry operators had invested heavily in campaigns promoting responsible drinking and restricting underage access, noting that such efforts have yielded measurable results.
Nwanze warned that sustaining the ban could negatively impact government revenue, disrupt the value chain, and encourage smuggling of substandard alternatives into the country.
He said the group had formally petitioned the Senate and expressed confidence that lawmakers would review the matter based on “empirical evidence and stakeholder engagement.”
The protesters, however, urged President Bola Ahmed Tinubu to take decisive action by removing the NAFDAC DG, insisting that her continued stay in office was no longer in the public interest.
As of the time of filing this report, NAFDAC had not issued an official response to the allegations.
The protest highlights growing tensions between regulators and industry players over public health policies and economic considerations in Nigeria’s beverage sector.
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