NUPRC CHIEF EXECUTIVE ENGR. GBENGA KOMOLAFE FNSE
HighlightOil & Gas

NUPRC Unveils Measures to Boost Oil Industry Transparency, Curb Theft

2.7k

By Joycelyn Ellakeche Adah

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released new guidelines under the Nigerian Upstream Petroleum Advance Cargo Declaration Regulation, 2024, aimed at tightening oversight and enhancing transparency in Nigeria’s crude oil and petroleum exports.

The revised framework, signed off by the Commission’s Chief Executive, Engr. Gbenga Komolafe, on Tuesday, June 17, introduced stricter documentation, digital tracking, and compliance measures to tackle long-standing challenges such as under-declaration, theft, and export manipulation.

The regulation applies to all export activities under licences and leases granted or preserved by the Petroleum Industry Act (PIA) 2021.

It covers crude oil, natural gas, natural gas liquids (NGLs), and refined petroleum products exported from any terminal or official export point in the country.

Under the updated regime, exporters are now required to:

• Obtain an export permit and vessel clearance from the NUPRC,

• Secure a Unique Identification Number (UIN) for each shipment via the Commission’s digital portal, and

• Ensure that all key export documents—such as the Bill of Lading, Certificate of Origin, and cargo manifest—reference the assigned UIN.

The Commission will validate exporter identities and verify declared volumes before issuing clearance.

Only certified, measured cargoes will be permitted to leave Nigeria’s shores.

The NUPRC’s Advance Cargo Declaration Portal, a real-time, integrated digital system, is central to the new process and enables automated tracking, instant documentation uploads within 24 hours of loading, and seamless integration with other government systems to ensure consistent data reconciliation.

To enforce compliance, the guidelines empower the Commission to reject incomplete or inaccurate clearance applications.

Violators risk administrative penalties and possible sanctions, underscoring the regulator’s zero-tolerance stance on malpractice.

Engr. Komolafe emphasized that the initiative aligns with the Commission’s mandate to enhance revenue generation, minimize leakages, and enforce regulatory integrity, all in accordance with the PIA.

He also noted that the move is part of a broader effort to modernise Nigeria’s upstream sector and restore investor confidence through transparency and accountability.

The implementation of these guidelines marks a decisive step toward streamlining the nation’s oil export regime and plugging fiscal leakages in one of its most critical revenue-generating sectors.

Leave a comment

Related Articles

2Face Cries Out: ‘My Family Has Destroyed Me, Damaged My Wife’s Character’

The ongoing controversy surrounding the marriage of award-winning singer Innocent Idibia, popularly...

Chinese Nationals’ Abductions in Kwara Heighten Fresh Security Fears

Two Chinese nationals working on a major road construction project in Kwara...

Breaking: Supreme Court Dismisses Osun’s Suit Against FG Over Withheld LG Funds

The Supreme Court dismissed a lawsuit filed by the Attorney General of...

Boris Johnson Touts Nigeria-Born Kemi Badenoch as UK’s Next Prime Minister

Former British Prime Minister Boris Johnson stirred excitement at the 2025 Imo...

List of 68 ambassadorial nominees at a glance

List of 68 ambassadorial nominees at a glance CAREER AMBASSADORS (34) Abia...

Nigerian, 26 Others Charged in US Midstate Banks $Multi-Million Fraud Scheme

At least, 27 people including a Nigerian have been charged to court...

Dangote Set to Become World Largest Fertiliser Producer by 2028

The Dangote Group, led by Aliko Dangote, is set to become the...

CJN Reaffirms Judiciary’s Commitment to Human Rights Protection

The Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, has reaffirmed the...

Appeal Court Declares VIO Illegal, Lacks Power To Seize Vehicles, Impose Fines

The Court of Appeal, Abuja Division, on Thursday affirmed an earlier judgment...

NPA to Drive Growth in Non-Oil Export Sector

The Nigerian Ports Authority (NPA) says it is committed to boosting the...

Maritime Workers Union Meets NPA, Pledges Support for Sector’s Growth

The Maritime Workers’ Union of Nigeria (MWUN) has reaffirmed its commitment to...

EFCC Seeks Reversal of Ruling on 27 Forfeited Assets

The Economic and Financial Crimes Commission(EFCC) has filed a notice of appeal...

Updated: Tinubu nominates ex-Rivers administrator Ibas, Dambazau, others as ambassadors

President Bola Tinubu has forwarded another batch of non-career ambassadorial nominees to...

Out-of-Control Truck Crushes Traffic Cop, Leaves Another Injured in Abuja

The Federal Capital Territory (FCT) Police Command tragically lost one of its...

Tinubu Lauds Senate for Swift Defence Minister’s Confirmation

President Bola Tinubu has commended the Nigerian Senate for the speedy screening...

South Africa to Boycott US-led G20 Meetings After Exclusion

South Africa has announced it will not participate in the G20 meetings...

China Backs Nigeria’s Security, Economic Reforms

The Chinese Ambassador to Nigeria, Mr. Yu Dunhai, has reaffirmed China’s support...

Abia Gov. Otti’s meeting with Tinubu Centres on Kanu, not defection – Aide

Abia Governor Alex Otti’s Special Adviser on Media and Publicity, Ferdinand Ekeoma,...

NEC Approves N100bln for Security Agencies’ Training Institutions

The National Economic Council (NEC) has approved N100 billion for the rehabilitation...

Senate Swings into Action: Begins Screening of Gen. Musa as Defence Minister

The Senate on Wednesday commenced the screening of former Chief of Defence...