🇳🇬 Nigeria Urged to Leverage Technology and Investment to Transform Oil Sector

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Saidu A. Mohammed, has called for a stronger integration of digital innovation, capital investment, and enabling policies to improve efficiency in Nigeria’s petroleum industry.He made this appeal during the 2026 edition of the Oloibiri Lecture Series and Energy Forum, organized by the Society of Petroleum Engineers Nigeria Council in Abuja.Speaking at the forum, Mohammed highlighted Nigeria’s ambitious energy targets, including achieving crude oil production of 3 million barrels per day and advancing the country’s “Decade of Gas” initiative, which aims for 22 billion cubic feet of gas production per day. He stressed that reaching these milestones will depend heavily on sustainable financing, deployment of advanced technologies, and strong regulatory frameworks that can attract and retain investors.As part of efforts to reposition the sector, he announced plans to launch “Project NEXUS,” a strategic initiative designed to enhance regulatory efficiency, accelerate gas development, and strengthen Nigeria’s position as a leading energy hub in Africa.Mohammed further emphasised that investment in critical infrastructure, adoption of cutting-edge technologies, and collaboration among industry stakeholders are key to unlocking the full potential of Nigeria’s oil and gas sector.The event also featured contributions from top industry leaders, including the Minister of State for Petroleum Resources (Gas), Ekperipe Ekpo, as well as executives from major energy institutions.

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