The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have reaffirmed their commitment to strengthening Nigeria’s investment climate through enhanced inter-agency collaboration.
This resolution formed the core of discussions during a working visit by the Director-General of NIMASA, Dr. Dayo Mobereola, to the Commission Chief Executive of NUPRC, Mrs. Oritsemeyiwa Eyesan, and her management team at the commission’s corporate headquarters in Abuja.
Both agencies emphasized the importance of improving the ease of doing business in Nigeria while optimizing accruable benefits to the Federal Government. They noted that stronger synergy between regulatory institutions is essential to eliminating operational bottlenecks, boosting investor confidence, and ensuring efficient revenue generation across the maritime and upstream oil and gas sectors.
A statement issued by Osagie Edward, Deputy Director and Head of Public Relations at NIMASA, explained that the meeting underscored the need for coordinated regulatory efforts to streamline processes and enhance compliance in critical areas of the economy.
The discussions highlighted the strategic alignment between the mandates of both agencies. NIMASA is responsible for promoting indigenous capacity in international shipping trade, as well as preventing and controlling marine pollution. These functions directly intersect with NUPRC’s mandate of regulating upstream petroleum operations, ensuring compliance with industry regulations, promoting investment, and enforcing environmental and safety standards.
The agencies agreed that closer cooperation would not only strengthen regulatory oversight but also create a more predictable and attractive environment for local and foreign investors operating within Nigeria’s maritime and upstream petroleum value chains.
By reinforcing collaboration, both regulators signaled their shared commitment to supporting sustainable economic growth, safeguarding the environment, and maximizing government revenues from two of Nigeria’s most strategic sectors.
