The House of Representatives has directed the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) to provide a detailed account of its oil production, sales, and overall operations.
The order came after discussions during a joint session of the House Committees on Finance and National Planning, which focused on the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper.
During the meeting, NUPRC’s management team, including CEO Gbenga Komolafe, presented information on the commission’s revenue sources.
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These include oil and gas royalties, concession rentals, gas penalties, and other miscellaneous fees.
Komolafe also shared that the NUPRC receives 4% of the total revenue collected for the government, which amounted to ₦114.84 billion in 2023, up slightly from the previous year.
However, concerns were raised by Rep. James Faleke, Chairman of the Finance Committee, who questioned the high personnel and overhead costs within the commission.
Despite a slight increase in the commission’s budget, expenses related to staff salaries and operations raised eyebrows.
Faleke further demanded a complete record of oil production per well, including daily output, from NUPRC for further examination.
