Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Senate and House Joint Committee commends NUPRC for exceeding 2024 revenue target 

    Senate and House Joint Committee commends NUPRC for exceeding 2024 revenue target 

    January 16, 2025
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Gbenga Komolafe, NUPRC boss

    Oritsegbubemi Omatseyin 

    Lagos — The Joint Senate and House of Representatives Committee on Finance has commended the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, for surpassing its 2024 revenue target.
    The committee made the commendation when the Commission Chief Executive, CCE. Engr. Gbenga Komolafe, appeared before the committee.
    According to the Committee, the achievement highlighted the Commission’s significant contribution to national revenue and its efficient regulatory oversight of Nigeria’s upstream petroleum sector.
    Responding to questions on gas flaring, the CCE noted that the Commission has developed a comprehensive Gas Flaring and Commercialisation Plan, GFCP, which aims to reduce methane emissions significantly while generating additional revenue for Nigeria through optimised gas utilisation and monetisation.
    Engr. Komolafe emphasised NUPRC’s commitment to balancing environmental sustainability with economic growth in the upstream petroleum sector.
    According to Komolafe, NUPRC,s accomplishments reflect its strategic initiatives aimed at improving revenue generation, compliance, and transparency within the sector.
    On their part, the legislators emphasised the importance of such performance in supporting the country’s fiscal budget and encouraged the NUPRC to sustain and build on this progress.

    Related News

    US oil and gas rig count falls to lowest since January – Baker Hughes

    Crude oil rebound reflects optimism over the U.S.-China dialogue

    Stakeholders hail PINL’s achievements in protecting TNP

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Nigeria unlocks intra-African trade with new PAPSS policy boost

    May 10, 2025

    Ahead of China-US talks, Trump says 80% tariff ‘seems right’

    May 10, 2025

    US oil and gas rig count falls to lowest since January – Baker Hughes

    May 10, 2025

    Nigeria’s Senate passes tax reform bills to boost government revenue

    May 10, 2025

    E-Call up is desirable in Onne ports – Truckers

    May 10, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.