The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reiterated its commitment to ending energy poverty and achieving carbon neutrality for economic growth.
NUPRC Commission Chief Executive (CCE), Mr. Gbenga Komolafe, disclosed this during an interview with energy editors at the ongoing Oil Technology Conference which entered its day two in Houston, Texas yesterday with the theme ‘‘Energy Transition and AfCFTA: Key Reforms for Sustainable Development of the African Oil and Gas Industry’’.
This was even as he hinted that talks are at advanced stages for the establishment of an African forum of regulators for the oil and gas industry.
He explained that the advantage of the African regulators’ forum will be aimed at benchmarking and standardising regulatory framework across Africa.
He noted that the conversation around energy transition is gathering high momentum in the country and the federal government is doing all it can to fine-tune its policies and regulation to ensure it meets global carbon neutrality.
He added that the Nigerian government is firmly working towards its commitment at United Nations Climate Change Conference, COP26 in Glasgow, UK, to cut its carbon emission to net zero by 2060.
‘Nigeria has outlined its energy transition plan and for us as a regulatory commission, we are in line with every plan to ensure a smooth transition.