Oritsegbubemi Omatseyin
Lagos — The Chairman of the House of Representatives Committee on Nigeria-China Relationship, Jaafaru Yakubu, led members of the committee on a strategic visit to the Headquarters of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC.
The visit according to Jaafar, was to brief the management of NUPRC on ongoing efforts by the Federal Government to enhance trade balance between Nigeria and China.
Yakubu revealed that following the recent signing of the Nigeria-China Relationship Agreement, a total of 216 Chinese companies have expressed interest in investing in Nigeria. Out of these, 74 companies are specifically focused on the oil and gas industry, signaling a major boost for the sector.
One of the key initiatives driving this engagement is the upcoming Nigeria-China Summit, where stakeholders from both countries will explore investment opportunities.
During the visit, Engr. Gbenga Komolafe, the Chief Executive of the Commission, welcomed the committee and reaffirmed NUPRC’s commitment to fostering an investor friendly environment.
He emphasized that as a technical and commercial regulator, the Commission is implementing policies and regulatory frameworks that will continue to attract substantial investments into Nigeria’s Upstream Petroleum industry.
