Overview
Nigeria's oil and gas industry has long driven government revenue and foreign exchange, but regulatory bottlenecks and environmental concerns have held it back. The Petroleum Industry Act (PIA) of 2021 was enacted to change that.
The most significant shift? Upstream regulation, once handled by the Department of Petroleum Resources (DPR), now sits with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Read the full article to learn how the PIA restructured Nigeria's oil and gas regulatory landscape.
