NIMASA, NUPRC Discusses Industry Regulation Improvement

PHOTO NEWS

BY GBOGBOWA GBOWA

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 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.

According to a release by NIMASA Deputy Director/Head, Public Relations, Edward Osagie, both agencies emphasized the importance of improving the ease of doing business in Nigeria while optimizing accruable benefits to the Federal Government.

The meeting underscored the need for coordinated regulatory efforts to eliminate operational bottlenecks, promote investor confidence, and ensure efficient revenue generation across the maritime and oil and gas critical sectors of the Nigerian economy.

NIMASA’s mandate of promoting indigenous capacity in international shipping trade as well as prevention of marine pollution and control directly aligns with the responsibilities of NUPRC, which include ensuring compliance with regulations as they relate to upstream extraction activities, promoting investment and enforcing environmental/safety standards.