The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of ₦28.11 billion in miscellaneous oil revenue tied to licensing fees and permit renewals in the first five months of 2025.
According to data from the commission’s monthly revenue submissions to the Federal Accounts Allocation Committee (FAAC) between January and June, the funds were fully remitted to government coffers. The revenues stemmed primarily from approvals granted for various types of oil exploration and production licences.
The revenue spike coincides with the rush by over 40 Petroleum Prospecting Licence (PPL) holders seeking to renew their exploration permits, highlighting increased regulatory activity and demand within Nigeria’s upstream sector.
A monthly breakdown shows that the highest earnings were recorded in April with ₦10.04 billion, followed by ₦9.19 billion in January, ₦3.64 billion in February, ₦2.18 billion in March, and ₦3.04 billion in May.
While NUPRC categorized the revenue as “miscellaneous,” it did not provide a detailed breakdown by licence type or source. However, officials confirmed the income came from licence approvals, renewals, and other regulatory permits issued to oil operators.
The surge in licensing revenue underscores the strategic role of the NUPRC in boosting government earnings through regulatory oversight and enhanced compliance in the upstream petroleum sector.
