2025 licensing round will set a new benchmark for transparency - NUPRC Chief

The Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe has disclosed that the 2025 licensing round will set a new benchmark for transparency in the sector.

Speaking at the closing of a two-day strategic media workshop for Energy correspondents in Lagos, Komolafe revealed plans for a new licensing round on December 1, 2025, expected to be more transparent and globally competitive than the 2024 round.

He urged media practitioners to continue providing accurate, development-focused reporting on Nigeria’s oil and gas sector, emphasizing the critical role of the press in fostering transparency and attracting investment.

Komolafe who was represented by the Deputy Director of Human Resources, Corporate Services and Administration, NUPRC, Efemona Bassey, emphasized the media’s influence on investment perceptions, urging journalists to report factually and contextually while highlighting Nigeria’s progress and opportunities. 

The workshop, organized by the Commission’s Corporate Communications and Media Unit was aimed at equipping Journalists with a comprehensive understanding of Nigeria’s upstream petroleum industry and the Commission’s regulatory framework.

“Nigeria’s position as Africa’s leading oil producer depends not just on policy and regulation, but also on how the nation’s story is told,” he said.