Reform pushed residents beneath the umbrella of the Citizens Connect Conference has praised President Bola Tinubu’s achievements within the oil and gasoline sector.
Speaking on the 1st Citizens Connect Conference in Lagos, the Convener of the group, Charles Abakpa Onoja, stated the President has restored nationwide confidence within the oil and gasoline sector.
In his opening handle, Onoja stated: “Let us begin where much of Nigeria’s story has always been written—our oil and gas sector. For decades, this sector symbolised both our promise and our pain.
“We have heard stories of corruption, inefficiency, and missed opportunities. Yet today, there is a new story unfolding — a story of reform, renewal, and restoration.
“Under the administration of President Bola Tinubu, and through the diligent leadership of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) led by Engr. Gbenga Komolafe, the sector has been reborn on the firm foundation of the Petroleum Industry Act (PIA). What Nigerians are witnessing today is not luck; it is leadership — structured, deliberate, and data-driven.
“In just two years, NUPRC has demonstrated what happens when political will meets professional excellence. The Commission has generated over ₦12.25 trillion in revenue for the federation within this short span — an unprecedented achievement reflecting the efficiency of new monitoring systems and enforcement mechanisms.”
Participants on the convention got here collectively from the six south Western states got here collectively to look at the reforms being championed by the President and important companies within the Oil and Gas sector.
The visitor speaker, Prof Yemi Oke SAN and different audio system took flip to reward the upstream petroleum sector within the implementation of the PIA. They all agreed that Mr. President is working onerous for the nation.
Prof Oke outlined the good points of subsidy elimination and stated that the coverage has led to 200 per cent improve in allocations to states and native governments, street tasks, hospital tasks, energy sector improvement, scholar mortgage scheme and increment in NYSC allowances.
He listed the multiplier results of oil subsidy elimination to transition to web exporter of petroleum assets, non-public refineries funding, gasoline improvement tasks, LPG and CNG revolution, international alternate financial savings, stability and gradual strengthening of the Naira and fertilizer manufacturing.
He stated: “Dormant oil blocks are returning to productivity, production reporting is now electronic, and field development plans are strictly monitored for compliance. The era of discretionary approvals and rent-seeking is fading away, replaced by process, predictability, and performance.
“Equally important is the focus on gas—the transition fuel for Nigeria’s economic future. Under the Gas Flare Commercialisation Programme, investors are now turning environmental liability into economic opportunity. We are reducing waste, protecting our planet, and creating jobs.
“These are not abstract policy shifts. They are the building blocks of a more transparent and sustainable energy future—and they are happening under President Tinubu’s watch.”
According to Oke, a reform is barely significant when it touches lives. He stated the Petroleum Industry Act didn’t solely restructure establishments; it redefined relationships—between authorities, business, and the communities that bear the load of extraction. He stated beneath Komolafe’s management, the Host Community Development Trusts (HCDTs) have turn out to be the bridge between promise and supply.
“More than ₦358 billion has to this point been remitted to those trusts, funding over 500 group tasks in training, healthcare, street development, and youth empowerment throughout oil-producing areas. For the primary time, host communities will not be handled as afterthoughts—they’re companions. The precept is easy: those that reside with the implications of useful resource extraction should share in its advantages.
“This is what President Tinubu envisioned when he speaks about Renewed Hope. Hope that’s not poetic however sensible; hope that builds hospitals, powers faculties, and brings alternative to communities lengthy forgotten.
“Transparency has additionally turn out to be a defining characteristic of the brand new order. NUPRC’s digital reporting platforms enable real-time manufacturing monitoring and cargo declaration—reducing out leakages that when drained our nationwide purse. The days of guessing how a lot crude Nigeria produces are gone. The knowledge now speaks for itself.
“The Commission has additionally launched sturdy techniques for measuring flare gasoline, monitoring royalty funds, and implementing environmental requirements. This is governance at work—silent, methodical, transformative.
“The world has observed. International score companies and buyers now describe Nigeria’s oil regulatory framework as extra predictable and investor-friendly than at any time up to now decade. The reforms have positioned our nation as an rising vitality funding hub on the continent.
