The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have strengthened their collaboration to enhance transparency, accountability, and efficiency in the collection of oil and gas revenues.
This was the outcome of a meeting between the Commission Chief Executive of NUPRC, Mrs. Oritsemeyiwa Eyesan, and the Chairman of the NRS, Dr. Zacch Adedeji, held at the NRS headquarters in Abuja on Wednesday.
Speaking during the meeting, Eyesan commended Adedeji for spearheading reforms that led to the enactment of the NRS Act, describing the development as a significant step toward improving revenue administration in the country.
She noted that the transition of revenue collection responsibilities under the new framework had been seamless, while reaffirming NUPRC’s commitment to creating an enabling environment for operators in the oil and gas sector.
According to her, the Commission remains focused on supporting industry players to thrive, expand operations, and contribute more significantly to national revenue generation.
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“We are here to enable them, enable their businesses, ensure that they survive and succeed. We want to grow the pie because when you grow the pie, everybody benefits,” Eyesan said.
She further disclosed that Nigeria has the potential to raise crude oil production to 1.9 million barrels per day, following a production peak of 1.86 million barrels per day recorded in May.
“We are back to production. We are ramping up now, and we want to continue working,” she said.
Despite the progress, Eyesan acknowledged that infrastructure challenges and asset integrity issues remain major constraints to increased production. She also stressed the need to strengthen human capacity within the industry to meet future growth demands.
“We still recognise the constraints. Infrastructure and asset integrity are major constraints, but we will work on these. Even the human capacity in the industry is critical because if we want to grow, we must also build that capacity to meet the demands,” she added.
The NUPRC boss also revealed that digitising the Commission’s operations was one of her key priorities upon assuming office, noting that substantial progress has been made in achieving that objective.
In his response, Adedeji praised NUPRC for its professionalism, transparency, and dynamic leadership, pledging sustained collaboration with the Commission, particularly in implementing revenue collection responsibilities under the new legal framework.
He emphasised the importance of inter-agency cooperation in boosting government revenue while ensuring transparency and accountability.
“It is in the interest of Nigeria that we work together to grow revenue for the country in a transparent manner for the good of Nigerians. There is no way we would do anything to jeopardise the progress or sustainability of another agency,” Adedeji said.
He clarified that the NRS’s role is centered on revenue collection rather than generation.
“I collect revenue; I don’t generate revenue. Wherever revenue exists, I work on it and keep an account for you. So, I am helping you to collect your royalties,” he stated.
Adedeji assured that the NRS would continue to support NUPRC in achieving their shared objective of increasing government revenue in a fair, transparent, and sustainable manner.
