NUPRC Calls for Strengthening AFRIPERF to Harmonize Energy Regulation in Africa
Oritsemeyiwa Eyesan, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, called for strengthening the African Petroleum Regulators' Forum (AFRIPERF) to harmonize energy regulations across Africa and attract investments in the oil and gas sector. Speaking at the Nigerian International Energy Summit, she noted that inconsistent regulatory frameworks hinder cross-border projects and emphasized the importance of Africa's natural resources for industrial growth. Eyesan also highlighted the need for coordinated policies and the establishment of the Africa Energy Bank to mobilize capital for energy initiatives.
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Oritsemeyiwa Eyesan, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), emphasized the need to strengthen the African Petroleum Regulators' Forum (AFRIPERF) to harmonize energy regulations across Africa and attract investment in the oil and gas sector. Speaking at the Nigerian International Energy Summit in Abuja, she stated that inconsistent regulatory frameworks hinder cross-border energy projects and increase investment risks.
AFRIPERF aims to establish regulatory convergence and accelerate project execution. Eyesan highlighted Africa's significant natural resources, holding about 8% of global oil and gas reserves and nearly 30% of critical minerals, as key to driving industrialization and inclusive growth.
She urged for coordinated policies and a unified African voice in global discussions to maximize these resources. Additionally, she mentioned the establishment of the Africa Energy Bank to mobilize capital for energy projects amid declining global investment in fossil fuels.
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