Upstream reforms under Tinubu yield N12.25tn revenue in two years – Don

Energy governance scholar, Prof. Josiah Danladi, says Nigeria is witnessing a gradual transition from being a net importer to a potential net exporter of refined petroleum products,

This is as he credited the ongoing reforms in the oil and gas upstream sector for the shift.

Speaking at the Citizens Connect Conference in Lagos, Danladi commended President Bola Tinubu for what he described as a “bold and transformative recalibration” of Nigeria’s energy industry, anchored on transparency, accountability, and data-driven governance.

“For decades, the oil and gas sector symbolised both our promise and our pain.

“We have heard stories of corruption, inefficiency, and missed opportunities. Yet today, there is a new story unfolding — a story of reform, renewal, and restoration,” he said, in a statement on Saturday.

At the Friday event, he praised the role of the Nigerian Upstream Petroleum Regulatory Commission, under the leadership of Gbenga Komolafe, in driving key reforms that have strengthened investor confidence and boosted national revenue.

“Under the administration of President Bola Tinubu, and through the diligent leadership of the NUPRC led by Gbenga Komolafe, the sector has been reborn on the firm foundation of the Petroleum Industry Act (PIA)