Consistent Regulations Key to Unlocking Oil and Gas Investments – NUPRC Boss
Speaking at the Nigerian International Energy Summit in Abuja on Monday, Eyesan, represented by Edu Iyang, NUPRC’s Director of Economic Relations and Strategic Planning, noted that investors are less concerned about African geology and more deterred by inconsistent rules and regulatory uncertainty.
She highlighted that harmonized policies reduce investment risks and facilitate cross-border energy projects, noting that integrated energy markets, consistent regulations, and shared infrastructure improve bankability, attract private capital, and give development partners the confidence to support transformative projects that drive long-term growth.
Eyesan also pointed to the African Petroleum Regulators Forum (AFRIPEF), established last year by NUPRC and other continental regulators, as a key platform for advancing regulatory convergence through shared data, standardized practices, capacity building, and unified continental representation.
“With this foundation in place, investors gain predictability and consistency while countries benefit from fast project execution and brothership prosperity,” she said.
“Africa can leverage its own financing institutions, such as African Energy Bank and African Bank, to de-risk projects, accelerate industrialization, expand electricity, and unlock jobs and revenue. At the same time, partners like World Bank and other developing finance institutions can invest more efficiently on regional priorities.”
Highlighting Nigeria’s leadership role, Eyesan explained that the Petroleum Industry Act has strengthened governance, transparency, and investor confidence, paving the way for cross-border energy projects under the direction of President Bola Tinubu.
“We are deliberately creating a physically attractive, cost-competitive, and business-friendly environment to unlock Nigerian fast gas reserve, to power homes, industry, and regional growth, positioning gas as a Riga transition fuel.
“Alongside other complementary measures already in motion, we are currently conducting block licensing rounds with full transparency, giving investors a clear path to Nigerian fast and promising hydrocarbon basins while supporting sustainable long-term growth,” she said.
Eyesan further outlined key continental energy infrastructure projects, including the AKK pipeline backbone, the West African Gas Pipeline, the Nigerian-Morocco Atlantic Gas Pipeline, and the revived Trans-Saharan Gas Pipeline, which collectively strengthen Africa’s energy integration.
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“Complementing this, the African Energy Bank headquarters in Nigeria is mobilizing African capital for African projects, closing financial gaps left by global withdrawal.
“These are not just national initiatives, they are continental commitments, unifying policy, connecting infrastructures, and building energy corridors that Africans need to thrive,” she concluded
