Secretary to the Government of the Federation, George Akume, has charged members of the Board of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC to uphold the highest standards of corporate governance, ensure accountability and transparency, and work constructively with management and stakeholders while maintaining regulatory independence.
Akume gave the charge on Tuesday in Abuja during the inauguration of the Board, describing the ceremony as significant milestones in the Federal Government’s drive to strengthen governance frameworks, deepen sectoral reforms, and accelerate inclusive national development.
He stated that the exercise marked a critical step in the implementation of the Petroleum Industry Act, PIA, which was enacted to reposition Nigeria’s petroleum industry through enhanced regulatory clarity, institutional independence, accountability, and adherence to global best practices.
Akume noted that the establishment and inauguration of the Board underscore the Federal Government’s unwavering commitment to ensuring that Nigeria’s upstream petroleum resources are managed transparently, efficiently, and in the best interest of the Nigerian people.
According to him, as the apex governance body of the Commission, the Board is expected to provide strategic oversight, policy direction, and institutional stability necessary to enhance investor confidence, optimise revenue generation, and promote sustainable development within the upstream sector.
Meanwhile, the new Chairman of the board, Magnus Abe, has resumed duties with a promise to strengthen oversight and improve the working environment for staff.
After his inauguration by the
the SGF, George Akume, the Rivers State born former Senator, officially resumed work, pledging to boost the Commission’s capacity to effectively deliver on its mandate.
Addressing management and staff, Abe stressed that the board’s role goes beyond ceremonial duties to providing leadership and strategic oversight that will help reposition the Commission.
He also highlighted the need for improved infrastructure, promising to pursue a more suitable office environment to enhance staff productivity.
“The purpose of the board is to provide leadership and oversight. We will work to strengthen the Commission and ensure that the environment our staff operate in supports productivity and efficiency.”
The Commission’s Chief Executive, Oritsemeyiwa Eyesan welcomed the board members, noting that their guidance will be crucial as the Commission continues implementing reforms in Nigeria’s petroleum industry, especially as global oil and gas prices fluctuate amid tensions in the Middle East.
“This inauguration comes at a very auspicious time. The Commission depends on the board for direction as we continue implementing the provisions of the Petroleum Industry Act and reforming the industry.”
(Editor: Terverr Tyav)
