The Nigerians in Diaspora Groups has praised President Bola Tinubu and the Chief Executive Officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, for their transformative leadership and commitment to transparency in Nigeria’s oil and gas sector.
In a statement issued on Monday, David Matthew Akpambu, Global President of the Nigerians in Diaspora Groups, commended the 2024 Oil Block Licensing Round, conducted in full compliance with the Petroleum Industry Act (PIA) and NUPRC Guidelines.
This groundbreaking process, they noted, marked a major milestone in the nation’s quest to rid the sector of corruption and mismanagement.
Emphasizing the significant strides made, the groups highlighted the transparent, digital nature of the bidding process.
“For the first time in Nigeria’s history, the oil and gas sector witnessed a fully digital and point-based commercial bid evaluation, ensuring a competitive and fair allocation of assets.
This digital approach, underpinned by encryption and decryption technology, provided an unprecedented level of security and integrity, ensuring that data remained confidential and free from human interference,”
The statement reads.“This reform is a testament to the leadership of President Tinubu and the proactive vision of Gbenga Komolafe.
The 2024 Licensing Round was transparent, competitive, and a clear departure from previous practices that have often been tainted with allegations of corruption.
”The groups also applauded the stringent prequalification process, which demanded that applicants demonstrate not only financial strength but also technical expertise.
“The rigorous criteria were designed to ensure that only qualified entities could proceed to the subsequent stages, ultimately safeguarding Nigeria’s oil and gas assets from mismanagement,” the statement added.
