The Independent Petroleum Producers Group (IPPG) has been tasked by Mrs. Oritsemeyewa Eyesan, Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), with maintaining industry standards, bolstering human capital development, and advancing sound corporate governance.
Eyesan led the charge during a courtesy visit to the Commission’s Abuja headquarters by the IPPG team, which was headed by Mr. Adegbite Falade.
According to a statement from Eniola Akinkuotu, Head of Media and Corporate Communications at NUPRC, Eyesan characterized the IPPG as a powerful force in the sector, especially after foreign oil corporations began to divest. The Commission cherishes its partnership with the group, she said.
The CCE emphasized adherence to the Petroleum Industry Act (PIA), 2021’s provisions, highlighting the significance of solid corporate governance and the development of human resources.
“I believe we need to focus on human capital development,” she stated. We will all suffer if we let the default propensity that arises as the industry expands fester.
“The financiers are rating Nigeria because we are in a global market; they are not rating companies, and we will be creating a big problem for ourselves if we do not bring our human capacity to par.”
Like its international counterparts, Eyesan asked the IPPG to hold its members to the greatest standards.
“I think the IOCs have done a great job of holding themselves to a standard as a pressure group,” she said.
“I believe we need to focus on human capital development,” she stated. We will all suffer if we let the default propensity that arises as the industry expands fester.
“The financiers are rating Nigeria because we are in a global market; they are not rating companies, and we will be creating a big problem for ourselves if we do not bring our human capacity to par.”
Like its international counterparts, Eyesan asked the IPPG to hold its members to the greatest standards.
“I think the IOCs have done a great job of holding themselves to a standard as a pressure group,” she said.
Eyesan reassured the IPPG delegation that the Commission is still dedicated to fulfilling its role as a business facilitator and will keep responding to industry demands in accordance with President Bola Ahmed Tinubu’s goals.
In keeping with its commitment to digitization, the CCE also declared that the Commission had gone paperless.
We realized we needed to change when I took over, so we formed a transformation team. We are pleased to say that we became paperless on Friday, April 18, 2026, and everyone worked together to make it happen,” Eyesan stated.
Adegbite Falade, the IPPG Chairman, responded by praising the CCE for what he called “the renewed hope of your leadership in NUPRC,” pointing out that since she took office in December 2025, the industry has seen discernible changes.
“You have not been here for long, but the signs of your dynamic leadership are very clear,” Falade remarked. We do not take that for granted, so we will continue to emphasize it.
Falade, the CEO of Aradel Holdings, said, “You can always count on us and trust that the Nigerian agenda is at the heart of our mandate,” and he asked the Commission to communicate with the IPPG on a frequent basis.
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