NUPRC and NRS launch collaboration to strengthen oil and gas revenue collection under new 2026 tax laws

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, and the Nigeria Revenue Service, NRS, have announced a strategic collaboration aimed at enhancing federal revenue collection from the oil and gas sector.

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The announcement followed a meeting between NUPRC Chief Executive, Mrs. Oritsemeyiwa Eyesan, and NRS Chairman, Mr. Zacc Adedeji, at the agency’s headquarters in Abuja.

The engagement marked part of Mrs. Eyesan’s initial outreach to key stakeholders since her appointment as NUPRC Chief Executive last month.

According to Mr. Eniola Akinkuotu, Head of Media and Strategic Communications at NUPRC, the agencies are expected to work closely under the new tax laws, which came into effect on January 1, 2026.

The collaboration is designed to ensure more efficient revenue collection from Nigeria’s upstream petroleum sector.

During the meeting, both regulators agreed to harmonise their processes and share relevant data to meet the government’s revenue targets.

Mrs. Eyesan emphasised that the joint effort would strengthen compliance and support national development objectives.

Mr. Adedeji highlighted that enhanced coordination between NUPRC and NRS would reduce inefficiencies in revenue mobilisation while fostering transparency in the sector.

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Officials said the collaboration would also involve regular stakeholder engagement and the use of digital tools to monitor compliance, reflecting a commitment to modernising regulatory oversight and financial accountability.