NEITI commends NUPRC’s licensing scheme, unveils energy transition framework

The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for notable progress in the conduct of the 2022-2023 Mini Bid Round and the 2024 Licensing Round.

According to NEITI’s independent observation and monitoring report, the licensing rounds demonstrated “notable improvements in inclusivity, digitalisation, and procedural integrity.”

The report highlighted key elements of the report to include Inclusivity, Transparency and Digitalisation: The use of digital platforms improved the efficiency and transparency of the process. The report also identified areas for improvement, including: Evaluation methodology, Result disclosure, Beneficial ownership and Energy Transition and Climate Accountability Framework.

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In addition to commending NUPRC, NEITI unveiled a comprehensive Energy Transition and Climate Accountability Framework. The framework aims to track greenhouse gas emissions, monitor divestments, and promote a just transition

NEITI outlined key implementation steps for the framework, including Oil, gas, and solid minerals reporting, Stakeholder engagement, Institutional coordination and Bi-annual performance reviews

The framework is expected to position Nigeria at the forefront of climate-compliant resource governance and ensure transparency and accountability in the extractive sector.

TAGGED:bdothernews Nigerian Upstream Petroleum Regulatory Commission (NUPRC)

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ByRuth Tene Natsa

Ruth Tene, Assistant Editor, Agric/Solid Minerals/INEC Ruth Tene is an award-winning journalist with over 15 years experience in developmental reporting across several newsrooms, as a reporter, editor and other managerial roles. She holds a Postgraduate Diploma in Journalism from the University of Maiduguri among several other certifications She has attended several trainings and certifications both locally and internationally and has been recognized for her impactful work in humanitarian reporting, receiving the Gold Award for Humanitarian Services from the Amazing Grace Foundation. She is also a recipient of the Home Alliance Fellowship, reflecting her commitment to fostering a more humane, safer and more sustainable planet. An active member of professional journalism bodies, Ruth is affiliated with the Nigeria Union of Journalists (NUJ), the National Association of Women Journalists (NAWOJ), and the Agricultural Correspondents Association of Nigeria (ACAN), where she continues to advocate for excellence, ethical reporting, and development-focused journalism.