The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have finalised a high-level partnership to streamline and intensify revenue collection from the oil and gas sector.
The strategic alignment was solidified yesterday, during a visit by the newly appointed Commission Chief Executive (CCE) of NUPRC, Oritsemeyiwa Eyesan, to the Chairman of the NRS, Zacch Adedeji, at the tax agency’s corporate headquarters in Abuja.
The collaboration is a direct response to the sweeping tax reforms that came into full implementation on January 1, 2026.
READ ALSO: Tinubu reconstitutes NUPRC, NMDPRA boards, names Magnus Abe as chair
Under the new legislative framework, the NRS, formerly the FIRS and the NUPRC are mandated to work in lockstep to ensure that every kobo of petroleum revenue is identified, collected, and remitted to the Federation Account.
The partnership will be based on several key pillars, starting with joint enforcement, which will ensure closer coordination on tax compliance among upstream operators.
It will also prioritise data integration, enabling the real-time sharing of production figures and tax liabilities to prevent revenue leakages.
Additionally, both parties committed to unified targets, pledging to work together to meet the ambitious 2026 revenue benchmarks set by the Federal Government.
The visit marks one of the first major executive actions taken by Eyesan since assuming office as the CCE last month.
Her engagement with the NRS is part of a broader “stakeholder reset” aimed at repositioning the NUPRC as a business enabler that also ensures maximum value for the Nigerian people.
“At the meeting, both parties agreed to work more closely in the interest of the country to meet the revenue target set by the government,” noted Eniola Akinkuotu, Head of Media and Strategic Communication at NUPRC.
READ ALSO: New NUPRC boss unveils plan to boost oil output
As Nigeria seeks to reduce its fiscal deficit and fund critical infrastructure, the synergy between the upstream regulator and the apex tax body is considered vital.
With the 2025 Licensing Round currently in progress and new tax laws simplifying compliance for small businesses while tightening the net on large multinationals, this alliance is expected to provide the “firepower” needed to stabilise the national economy.
For more details, visit New Daily Prime at www.newdailyprime.news.
