THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Nigeria has the potential to produce 1.9 million barrels of crude oil per day (mbpd), having reached a peak production of 1.86 mbpd in May.
During a meeting with the Chairman of the Nigerian Revenue Service (NRS), Dr Zacch Adedeji, NUPRC’s Chief Executive Officer, Mrs Oritsemeyiwa Eyesan, emphasised the country’s commitment to ramping up production.
She acknowledged existing challenges, such as infrastructure issues and asset integrity, but expressed determination to address them.
Eyesan also highlighted the need to enhance human capacity within the industry, stating that growth requires investment in talent development to meet increasing demands.
She mentioned that one of her key objectives upon assuming office was to digitalise NUPRC’s operations, a goal that has already been achieved.
She commended the NRS chairman for his role in driving reforms that led to the enactment of the NRS Act, noting that the transfer of revenue collection responsibilities has been seamless.
Eyesan reiterated the Commission’s commitment to creating an enabling environment for oil and gas operators.
“We are here to support their businesses, ensuring they not only survive but thrive. When we grow the industry, everyone benefits,” she added.
Dr Adedeji praised the Commission for its dynamism, professionalism, and transparency, promising to maintain collaboration with NUPRC, especially on matters related to the new Act’s revenue collection functions.
He stated: “It is in Nigeria’s interest that we work together to increase revenue for the country in a transparent manner for the benefit of all Nigerians. My role is to collect revenue, not generate it. I will support you in collecting your royalties.”
He assured that the NRS would continue to support NUPRC in achieving its shared goal of increasing government revenues in a fair, transparent, and sustainable way.
tribuneonlineng.com
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