NUPRC Unveils Presidential-Endorsed Plans At Miami Roadshow

By William Emmanuel Ukpoju

In a significant development, the Nigerian government has secured presidential backing for the marketing of oil blocks, a move aimed at revitalizing the country’s oil and gas industry and attracting increased investment.

According to Engr. Gbenga Komolafe, Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), the highest echelons of the government have thrown their weight behind the initiative.

Komolafe made this announcement at the Miami International Roadshow for the 2024 licensing round, organized in partnership with the Petroleum Technology Association of Nigeria (PETAN) and Zetse Advisory & Consulting.

The licensing round is part of a concerted effort by Nigerian authorities to create a conducive environment for both domestic and foreign investors seeking opportunities in the country’s energy market.

The presidential backing is seen as a crucial step in this direction, signaling a commitment to transparency and investor-friendliness.

The Miami International Roadshow provides a platform for showcasing Nigeria’s vast potential in the petroleum sector and fostering partnerships with international stakeholders.

By collaborating with stakeholders like PETAN and Zetse Advisory & Consulting, Komolafe reaffirmed Nigeria’s dedication to achieving excellence in the energy sector.