The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have agreed to deepen regulatory collaboration aimed at eliminating operational bottlenecks, enhancing investor confidence, and ensuring efficient revenue generation across Nigeria’s maritime and upstream oil and gas sectors.
The resolution was reached during a working visit by the director general of NIMASA, Dr Dayo Mobereola, to the chief executive of NUPRC, Oritsemeyiwa Eyesan, at the commission’s corporate headquarters in Abuja over the weekend.
According to a press statement issued by NIMASA’s deputy director of Public Relations, Osagie Edward, both agencies reaffirmed their commitment to strengthening Nigeria’s investment climate through improved inter-agency cooperation.
The statement noted that the discussions focused on enhancing the ease of doing business while optimising revenue accruable to the Federal Government. Both regulators stressed the importance of coordinated oversight in addressing regulatory overlaps and operational inefficiencies that could hinder sectoral growth.
The meeting further underscored the need for synergy in enforcing environmental, safety, and operational standards across the maritime and upstream petroleum industries, which remain critical to Nigeria’s economic stability.
NIMASA’s mandate to promote indigenous participation in international shipping, prevent marine pollution, and enforce maritime safety regulations aligns closely with NUPRC’s responsibility to regulate upstream petroleum operations, ensure compliance with statutory provisions, promote investment, and uphold environmental and safety standards.
The renewed partnership is expected to streamline regulatory processes, reduce bureaucratic delays, and create a more predictable and investor-friendly business environment.
SOURCE: LEADERSHIP NEWS PAPER
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