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NUPRC Seeks Strong Global Participation in Nigeria’s 2025 Oil and Gas Licensing Round, Highlights PIA Reforms.

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NUPRC Seeks Strong Global Participation in Nigeria’s 2025 Oil and Gas Licensing Round, Highlights PIA Reforms.

20260211_205822-300x240 NUPRC Seeks Strong Global Participation in Nigeria’s 2025 Oil and Gas Licensing Round, Highlights PIA Reforms.

 

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified its call for international and regional investors to participate in Nigeria’s 2025 oil and gas licensing round, describing the exercise as a major step toward boosting exploration, increasing reserves, and strengthening the country’s position in the global energy market.

Speaking at the opening ceremony of the 10th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) held in Lagos, the Commission’s Chief Executive, Mrs. Oritsemeyiwa Eyesan, said the licensing round reflects Nigeria’s commitment to transparent regulation, investor confidence, and responsible resource development under the Petroleum Industry Act (PIA) 2021.

According to Eyesan, the round will offer about 50 oil and gas blocks spanning onshore fields, shallow water assets, and deep offshore terrains, creating a wide range of opportunities for investors with varying technical and financial capabilities. She noted that the structured approach adopted by the regulator is designed to ensure fairness, predictability, and long-term sustainability in Nigeria’s upstream sector.

“To facilitate access to Nigeria’s vast hydrocarbon resources, the 2025 licensing round has been launched with a focus on transparency and efficiency,” she said. “We are inviting capable investors from across the globe to partner with Nigeria in unlocking its enormous upstream potential.”

She explained that the Petroleum Industry Act has significantly improved Nigeria’s investment climate by introducing clearer fiscal frameworks, streamlined regulatory processes, and stronger governance structures. These reforms, she said, have helped restore confidence among international oil companies, independent operators, and financial institutions that had previously expressed concerns about regulatory uncertainty.

Eyesan also pointed to renewed global interest in Africa’s hydrocarbon sector, noting that the continent is expected to attract between 48 billion and 50 billion dollars out of the estimated 520 billion dollars projected for global upstream capital expenditure in 2026. This represents more than eight per cent of total global investment, a notable increase compared to previous years when Africa accounted for less than four per cent.

She attributed the surge in investor interest to new discoveries in frontier basins such as Namibia and Mozambique, alongside the continued attractiveness of established oil-producing countries like Nigeria, Angola, and Ghana. According to her, Nigeria remains strategically positioned due to its large reserves base, extensive infrastructure network, and growing pool of indigenous operators.

While encouraging foreign direct investment, the NUPRC chief emphasised the importance of strengthening domestic participation. She noted that African independent companies and local investors are increasingly playing a central role in driving production growth and sustaining operations, particularly as international oil majors divest from some onshore assets.

“Domestic capital brings stronger commitment, resilience, and long-term stability to the sector,” Eyesan stated. “By empowering local players while attracting global expertise, Nigeria is building a balanced upstream ecosystem that supports economic growth, job creation, and energy security.”

Industry analysts say the 2025 licensing round could significantly expand Nigeria’s exploration footprint if executed successfully, particularly in deepwater areas where technological advancements and improved fiscal terms have renewed investor interest. The initiative is also expected to support government efforts to increase crude oil output, boost gas development for domestic use, and generate additional revenue for national development.

The SAIPEC conference, which brings together policymakers, investors, energy executives, and technology providers from across Africa and beyond, continues to serve as a platform for discussions on investment opportunities, energy transition strategies, and collaboration within the continent’s petroleum industry.

Observers believe that the success of the licensing round will depend not only on regulatory transparency but also on global market conditions, energy transition policies, and Nigeria’s ability to maintain a stable and investor-friendly environment. Nevertheless, stakeholders remain optimistic that the reforms introduced under the PIA and the proactive engagement by the NUPRC will attract new capital and reposition Nigeria as a leading destination for upstream investment in Africa.

 

Credit: X/Imran Mohamed, Newzspy, Igwenoni Multimedia (IMV)

 

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430482406_7838868319457833_6299482251206452612_n-300x96 NUPRC Seeks Strong Global Participation in Nigeria’s 2025 Oil and Gas Licensing Round, Highlights PIA Reforms.

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FuelTree, PACE and ICEED Convene National Stakeholders to Advance Nigeria’s Clean Cooking MRV and Carbon Market Agenda.

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L-R: Engr Ijachi Ega, Head, Mechanical Engineering and Gas Infrastructure, SON; Engr Dickson Okoro, Ministry of Petroleum Resources; Dr Bekeme Olowola, Chief Executive, FuelTree; Ewah Eleri, Chief Executive/Founder, ICEED; Godwin Okoduwa, COO, FuelTree; and Pius Manji, SA, Strategic Support to the DG, SON, at the recently concluded Clean Cooking MRV Stakeholder Engagement and Alignment Workshop at the Shehu Musa Yar'Adua Centre, Abuja.

FuelTree, PACE and ICEED Convene National Stakeholders to Advance Nigeria’s Clean Cooking MRV and Carbon Market Agenda.

image-1024x656 FuelTree, PACE and ICEED Convene National Stakeholders to Advance Nigeria's Clean Cooking MRV and Carbon Market Agenda.

FuelTree Limited, in partnership with the Partnership for Agile Governance and Climate Engagement (PACE) and the International Centre for Energy, Environment and Development (ICEED), successfully convened the Clean Cooking MRV Stakeholder Engagement and Alignment Workshop at the Shehu Musa Yar’Adua Centre, Abuja.

The high-level engagement brought together regulators, clean cooking developers, technology providers, standards organisations, development partners, investors and carbon market practitioners to address one of the most critical challenges facing Nigeria’s climate finance ecosystem: the need for a coordinated, credible and scalable Monitoring, Reporting and Verification (MRV) framework.

The workshop was designed to support the development of a practical, Nigeria-aligned MRV coordination framework capable of reducing approval bottlenecks, strengthening investor confidence, accelerating carbon credit issuance and unlocking climate finance opportunities for clean cooking projects across the country.

Sessions began with an overview of how trusted data can help unlock climate finance and serve Nigeria’s developing carbon market goals. The challenges of disjointed MRV strategies, inconsistent methods, and a lack of stakeholder alignment were identified as contributing factors to delays in project approvals and funding.

Chinonso Agbo, Program Manager at PACE, said during the workshop that MRV was “the missing link between projects and finance,” emphasising the need for reliable measurement to convert climate aspirations into investment opportunities.

Delivering the workshop’s technical lead presentation, Chief Dr Mrs Bekeme Olowola, Chief Executive of FuelTree and a Lead Facilitator of the engagement, emphasised the central role of data integrity in the future of carbon markets. She said, “Carbon markets ultimately run on confidence. Investors, regulators, buyers and communities must all trust that the impact being claimed is real. That trust does not begin with carbon credits. It begins with credible data, transparent systems and verifiable outcomes. If Nigeria gets MRV right, we can unlock climate finance at a scale that transforms both livelihoods and energy access.”

The workshop explored a wide range of issues affecting the future of clean cooking MRV in Nigeria, including interoperability between platforms, alignment with local and international certification frameworks, gender inclusion, last-mile delivery considerations, onboarding pathways for project developers, e-cooking opportunities, offline functionality requirements and practical implementation costs.

A key theme that emerged was the need to promote indigenous innovation and create pathways for Nigerian-developed clean cooking and MRV technologies to compete at regional and global levels. Similarly, stakeholders converged on interoperability being a key principle that will guide the sector in Nigeria to allow for different technology providers and project developers to plug into the national framework to drive market activities.

In his remarks, Engr. Ega Ijachi, who represented SON, stated that standards will play critical role in helping build assurance across the ecosystem, and there are existing standards like Nigeria biomass standards that will fit into national plans towards convergence of continental and international quality management systems.

Discussions during the workshop also took place on improving institutional coordination along varieties of topics, ranging from carbon registries, governance and approvals process, along with needed capacity building for regulators and project developers.

On his part, Dr Ewah Eleri, Founder/Chief Executive Officer, ICEED, reiterated the need for stakeholders to work together if we must have a sustainable carbon market ecosystem.

“Nigeria has the opportunity to build a carbon market architecture that reflects our realities while meeting international expectations. Achieving that will require collaboration between regulators, project developers, standards bodies, technology providers and investors. Strong MRV systems are not merely a reporting requirement; they are a foundation for market confidence, climate integrity and sustainable growth.”

The quality and diversity of participation further demonstrated the importance of the conversation. Participants included representatives from the Energy Commission of Nigeria (ECN), Standards Organisation of Nigeria (SON), Federal Ministry of Petroleum Resources, Federal Ministry of Women Affairs and Social Development, Federal Ministry of Environment, Renewable Energy Association of Nigeria (REAN), Shehu Musa Yar’Adua Foundation, and several leading clean cooking, renewable energy, technology and carbon market organisations including BURN, UpEnergy, Solar Sister, Roshan Renewables, Femabol Energy, and others.

The workshop concluded with broad consensus around several priority actions, including promoting interoperability, strengthening standards alignment, supporting local innovation, improving stakeholder knowledge and capacity, and developing the institutional frameworks necessary to support a thriving Nigerian carbon market.

 

The engagement forms part of an ongoing collaboration between FuelTree, PACE and ICEED to strengthen Nigeria’s clean cooking and carbon market ecosystem and contribute to the country’s energy transition and climate finance objectives.

 

About FuelTree

FuelTree is a climate technology and clean energy company focused on accelerating access to clean cooking, digital MRV systems, carbon market innovation and climate finance solutions across Africa.

 

 

 

About PACE

The Partnership for Agile Governance and Climate Engagement (PACE) supports climate governance, stakeholder engagement and policy innovation aimed at accelerating sustainable development outcomes.

 

About ICEED

The International Centre for Energy, Environment and Development (ICEED) is a leading Nigerian policy and research institution dedicated to sustainable energy, climate resilience and environmental development.

 

 

 

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Screenshot_20240317-230340-1024x289 FuelTree, PACE and ICEED Convene National Stakeholders to Advance Nigeria's Clean Cooking MRV and Carbon Market Agenda.

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Nigeria’s CNG Capacity Rises as Atlas Copco Expands Operations in Nigeria.✓✓✓Newzspy.

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Nigeria’s CNG Capacity Rises as Atlas Copco Expands Operations in Nigeria.✓✓✓Newzspy.

CNG_compressor-950x950px Nigeria’s CNG Capacity Rises as Atlas Copco Expands Operations in Nigeria.✓✓✓Newzspy.

gas piston compressor for CNG

As Nigerians struggle with energy needs for households and businesses, the country’s capacity for CNG conversion, a critical element in satisfying energy needs, has increased by 2,500%. This was revealed by Farouk Ahmed, the CEO of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), while he was speaking at the inaugural Petroleum Industry Stakeholders’ Forum, organized by the Ministry of Petroleum Resources in Abuja recently.

 

Private sector players like Atlas Copco, a technology manufacturing company, are instrumental to this increased capacity. While speaking to the role of CNG in transforming Nigeria’s energy situation, Olusola Aluko, the General Manager of Atlas Copco Nigeria, said, “The increased capacity for CNG conversion is a shining example of the impact that can be achieved when government, industry, and technology leaders come together to address our nation’s most pressing energy challenges.”

 

He further stated that, “At Atlas Copco, we’re proud to be playing a vital role in expanding CNG access across Nigeria. Our cutting-edge technologies and solutions are helping to drive the growth of the CNG market, making it more efficient, sustainable, and accessible to businesses and individuals alike. As a partner in Nigeria’s energy transformation, we’re committed to delivering innovative solutions that support the country’s transition to cleaner energy sources and help shape a brighter energy future for generations to come.”

 

The demand for Compressed Natural Gas (CNG) in Nigeria has surged significantly in the past two years, driven by fluctuating fuel prices, rising environmental concerns, and government initiatives promoting cleaner energy sources. As industries and businesses seek cost-effective alternatives to diesel and petrol, CNG has emerged as a leading solution, reshaping the country’s energy landscape.

 

While there has been an increase in the adoption of the technology, some challenges still exist around the adoption in Nigeria, and they include; limited gas compression facilities, inadequate storage systems, and sparse fueling stations. Experts argue that substantial investments in these areas are critical to sustaining growth.

 

A recent report by the Nigerian Energy Transition Office emphasizes the need for expanding CNG refueling stations and enhancing distribution networks to meet future demands by 2030. It also highlights the critical role of public-private partnerships in driving this growth and ensuring long-term sustainability.

 

The adoption of CNG is not only an economic imperative, but also an environmental one. As Nigeria continues to grapple with the challenges of climate change, the need for cleaner energy sources has become increasingly urgent. CNG offers a viable alternative to traditional fossil fuels, producing significantly fewer greenhouse gas emissions and air pollutants. Moreover, the use of CNG can help reduce Nigeria’s reliance on imported fuels, boosting energy security and saving billions of naira in foreign exchange. As the country seeks to diversify its energy mix and reduce its carbon footprint, the growth of the CNG market is expected to play a critical role.

 

If Nigeria must meet its strategic energy goals, it must enlist the support of the private sector, as they hold crucial knowledge and financial power in speeding up the development of the sector.

FB_IMG_1729282500236 Nigeria’s CNG Capacity Rises as Atlas Copco Expands Operations in Nigeria.✓✓✓Newzspy.

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