The Nigerian Upstream Petroleum Regulatory Commission has said it is targeting N15tn revenue this year.
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, disclosed this on Tuesday while addressing newsmen shortly after he was awarded the ThisDay CEO of the Year Award in Lagos State.
Komolafe recalled that the NUPRC surpassed its revenue generation target by about 163 per cent in 2024.
For 2025, he said the commission has a four-point agenda, the first among which is to continue on the path of sustainable growth in its oil and gas production.
He said, “And we all know the importance of that; we’re ramping up federal revenue. Last year that is for 2024, you remember that the commission achieved and surpassed its revenue generation by about 163 per cent. This year, our target has been increased to about N15tn.
“So, the commission, recognising that, we have equally devised a strategy. Of course, N15tn is so large, but then we are not daunted; we are not intimidated. Rather, we are defining a strategic approach to achieve that target,” he disclosed.
