Newsworth | Danjuma Amodu | January 14, 2026
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have formally entered a new era of cooperation aimed at boosting oil and gas revenue collection for Nigeria’s Federation Account.
This partnership followed a high-level meeting on Monday, 12 January 2026. Both agencies pledged closer coordination under new tax legislation effective 1 January 2026, signalling a decisive shift towards plugging revenue leaks and strengthening national finances.
In a clear demonstration of renewed fiscal discipline, NUPRC Chief Executive Mrs Oritsemeyiwa Eyesan paid a courtesy call on NRS Chairman Mr Zacc Adedeji at the tax authority’s Abuja headquarters as part of her post-appointment outreach to key stakeholders. The visit culminated in a mutual commitment to deepen collaboration to meet government-set revenue targets.
At the meeting, both parties agreed to work more closely in the interest of the country in order to meet the revenue target set by the government. According to Eniola Akinkuotu, Head of Media and Strategic Communication at NUPRC: “NRS and NUPRC are expected to collaborate more closely in the collection of oil and gas revenues.”
The strategic alliance will combine NUPRC’s regulatory oversight of upstream operations with NRS’s tax enforcement powers to plug revenue leakages, improve compliance among oil operators, accelerate remittance timelines, digitise revenue tracking systems, and enhance transparency across the value chain.
Eyesan, who assumed office last month, has positioned NUPRC as a business-enabling regulator, committed to boosting Nigeria’s crude oil and gas output while ensuring every naira earned flows directly into national coffers. Her roadmap includes streamlining permit-to-pay processes, integrating digital platforms for real-time monitoring, reducing bureaucratic delays, and encouraging foreign investment through predictability.
Industry analysts hail the NUPRC-NRS pact as a game-changer, potentially reversing decades of under-collection and aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda for economic revival.
“This isn’t just coordination, it’s a strategic fusion,” said one energy economist who requested anonymity. “If executed well, it could unlock billions in lost revenue and restore investor confidence.”
