The Forum of Retired Oil Workers has praised the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its sweeping reforms, renewed investor confidence, and production growth under the leadership of its Chief Executive, Gbenga Komolafe.
In a statement signed by its president, Richard Jackson, the forum described Komolafe’s leadership as visionary and reform-driven, aligning with President Bola Tinubu’s economic agenda to reposition Nigeria’s oil and gas industry for global competitiveness.
The group noted that the NUPRC’s regulatory clarity and operational transparency since the enactment of the Petroleum Industry Act (PIA) have revitalised investor trust and strengthened Nigeria’s energy profile in Africa.
It highlighted the approval of 28 Field Development Plans in 2025, expected to deliver 600,000 barrels of oil and over two billion standard cubic feet of gas daily, describing the feat as evidence of strong policy direction and industry revival.
“These figures represent renewed life in an industry once bogged down by uncertainty,” Jackson stated. “Unlocking 1.4 billion barrels of oil and 5.4 trillion cubic feet of gas within a year proves that the reforms are real and measurable.”
According to the forum, Komolafe’s regulatory model has spurred more than $18 billion in new investments through transparent licensing rounds and fiscal stability measures.
The group also commended the Commission’s collaboration with host communities, its enforcement of 24 new regulations under the PIA, and its practical approach to energy transition through the Decade of Gas and Decarbonisation Framework.
“Rig activity rising from eight in 2021 to 70 today and oil output reaching 1.8 million barrels per day are clear indicators that the NUPRC’s strategies are effective,” the statement added.
The forum urged the Commission to sustain its reform momentum and maintain high standards of transparency, governance, and accountability across the sector.
