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A federal panel has recommended immediate emergency measures and a comprehensive forensic audit of crude oil production in Nigeria since 2004, alongside revenue adjustments for oil-producing states.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian National Petroleum Company Limited (NNPC) have committed to enhancing collaboration aimed at streamlining operational costs in the oil sector.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) highlights the potential for Nigeria to earn between $30 billion and $50 billion daily through a focused investment in the midstream sector, crucial for positioning the country as a global hub in oil and gas.
