Nigeria, July 4 -- On Wednesday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said Nigeria is undergoing a historic energy sector transformation, with over $16 billion in investment commitments secured in two years.

NUPRC Chief Executive, Gbenga Komolafe, while speaking at the 2025 Nigeria Oil and Gas (NOG) Energy Week in Abuja on Wednesday explained that this influx of capital is a direct result of far-reaching reforms and bold policy moves designed to reposition the sector for energy security, sustainability, and economic resilience.

Remarkably, he said under the decisive leadership of President Bola Tinubu, Nigeria is undergoing a historic energy sector transformation.

"The Petroleum Industry Act (PIA) of 2021 laid ...