PIA – InfoStride News

NUPRC evaluates PIA impact as IEA highlights sector transformation

Temitope Nlewemchi — Thu, 19 Mar 2026 07:00:06 +0000

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has concluded an extensive appraisal of the Petroleum Industry Act’s (PIA) impact on the country’s oil and gas sector, while the Institute of Energy Administration (IEA) has underscored the transformative effects of the legislation on regulatory frameworks, investment, and operational efficiency. The assessment and commentary signal a growing [...]

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NUPRC’s N373bn Host Community Fund and 536 Ongoing Projects

Temitope Nlewemchi — Tue, 14 Oct 2025 13:50:47 +0000

Nigeria’s oil and gas host communities are reaping tangible benefits from the Host Community Development Trust (HCDT) scheme, as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that over ₦373 billion has been set aside for community development projects, with 536 projects currently ongoing across oil-producing regions.The NUPRC disclosed this in its latest update [...]

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Ekperikpe Ekpo: PIA Resolves Nigeria’s Gas Infrastructure Gap

Temitope Nlewemchi — Wed, 25 Oct 2023 21:34:11 +0000

Ekperikpe Ekpo, Nigeria’s Minister of State for Petroleum Resources (Gas), has underscored the significant role that the Petroleum Industry Act (PIA) plays in addressing the longstanding infrastructural challenges facing Nigeria’s gas sector. According to Ekpo, the PIA is a transformative milestone that is already making strides in bridging the infrastructure deficit, fostering an environment conducive [...]

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Make IOCs to benefit from PIA, PENGASSAN urges FG

Temitope Nlewemchi — Sun, 20 Mar 2022 22:39:58 +0000

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that concerted efforts should be made to persuade and further incentivise the International Oil Companies (IOCs) to remain in the country to benefit from the newly passed Petroleum Industry Act (PIA). However, should they decide to exit after all efforts to ask [...]

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Years of under-funding, fiscal environment backfires at PIA prospects

Temitope Nlewemchi — Tue, 16 Nov 2021 18:28:02 +0000

As the Petroleum Industry Act (PIA) goes through gradual implementation, stakeholders in the oil and gas sector have established that the fiscal environment and decades of poor investment in the sector might undermine the prospects of the industry under the new fiscal regime. Speaking at this year’s pre-conference workshop organised by the Nigerian Association of [...]

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PIA expands fuel imports beyond Dangote, other refiners

Temitope Nlewemchi — Sun, 22 Aug 2021 20:57:27 +0000

The President, Major General Muhammadu Buhari (retd.), has signed the Petroleum Industry Bill 2021 into law. Under the DSDP scheme, which was introduced by the NNPC in 2016, selected companies are allocated crude supplies in exchange for the delivery of an equal value of petrol and other refined products to the corporation. Several stakeholders, including [...]

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