The West Africa Energy Policy Institute (WA-EPI) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for implementing reforms that are improving transparency and stimulating oil investment across the Economic Community of West African States (ECOWAS) region.

In a statement on Wednesday, WA-EPI Executive Director, Fatoumata Diallo, said the ongoing reforms in Nigeria’s upstream sector were designed to enhance governance, ensure open data access, and strengthen investor confidence — measures that could foster market stability and regional energy cooperation.

According to the institute, under the leadership of Engr. Gbenga Komolafe, the NUPRC has significantly advanced transparency through improved access to real-time production data, licensing records, and performance reports.

WA-EPI also highlighted that Nigeria’s active rig count has increased from eight in 2021 to 69 as of October 2025, accompanied by notable growth in government revenue surpluses.

It added that the digitalisation of licensing and compliance systems has streamlined operations and reduced administrative delays.

The statement further noted that the full implementation of the Petroleum Industry Act (PIA) has redefined regulatory frameworks, enhanced engagement with host communities, and aligned Nigeria’s oil industry with global best practices — developments closely monitored by regional stakeholders.