The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on global investors to take advantage of opportunities in Nigeria’s 2025 oil and gas licensing round, highlighting reforms under the Petroleum Industry Act 2021 that create a predictable and transparent environment for upstream development.
Mrs. Oritsemeyiwa Eyesan, NUPRC Chief Executive, made the announcement on Tuesday during the opening address at the 10th anniversary of the Sub-Saharan Africa International Petroleum Exhibition and Conference in Lagos.
In a statement issued by NUPRC’s Head of Media and Strategic Communication, Eniola Akinkuotu, Eyesan said the licensing round is part of Nigeria’s strategy to unlock its vast upstream potential and strengthen the country’s position as a competitive destination for hydrocarbon investment.
“Nigeria is leveraging the momentum of renewed global interest in Africa’s hydrocarbons to attract credible investors into its upstream sector,” Eyesan said.
She added, “To facilitate resource access, Nigeria has launched the 2025 licensing round, offering 50 oil and gas blocks across various terrains. This initiative reflects a targeted approach to responsible resource development. We invite capable investors to participate and help realise Nigeria’s promising upstream potential.”
