The Nigerian Upstream Petroleum Regulatory Commission, NUPRC says the implementation of the Petroleum Industry Act, PIA will enable far-reaching reforms and a sustainable overhaul of the industry.
Chief Executive Officer of the Commission Gbenga Komolafe, Komolafe made the assertion at the virtual Nigerian Gas Association, NGA 2021 Business Forum and Annual General Meeting, with the theme: ”Petroleum Industry Act, PIA: Progress and Opportunities in the Decade of Gas.”
He also explained that signing of the PIA by President Muhammadu Buhari on August 16 after almost two decades was a huge achievement in the advancement of the Nigerian oil and gas industry. According to him, the PIA and the Decade of Gas initiative of the government will help the government to attain its key objectives for the industry.
Earlier, President of Nigerian Gas Association, NGA, Ed Ubong said the global energy transition and the COVID-19 pandemic had made it imperative for all stakeholders to work together to accelerate the development of gas in Nigeria. He however noted that the association is committed to supporting the government’s efforts to utilise gas for industrialisation of the country.
