The House of Representatives has mandated the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) to provide details of all oil production, crude sales, and other activities in the upstream petroleum industry in the country.
The joint sitting of the House Committee on Finance and the Committee on National Planning gave the directive at the ongoing interactive session with key agencies in Abuja today.
The interaction is on the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
The directive was given after a presentation by the NUPRC Executive Commissioner for Economic Regulation & Strategic Planning (ECR&SP), Mr. Babajide Fasina.
He was represented by the Chief Executive Officer (CEO) of the organisation, Mr. Gbenga Komolafe, accompanied by some members of its management.
Fasina informed the committee that NUPRC derived its various revenues from oil royalty, gas royalty, concession rental, gas flat penalty, and miscellaneous oil revenues.
