The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced partnership with Infosys Limited, an Indian Multinational Corporation to digitalise and automate its regulatory processes.
NUPRC, in a statement on Friday said, the partnership which would lead to the overall digital transformation of the Nigeria’s upstream petroleum industry, was consumated recently when the senior officials of the Commission made a formal visit to the headquarters of Infosys in Bengaluru, India.
Infosys, a global leader in information system technology with about 320 thousand employees and about USD18.6 Billion annual turnover provides support and services to the major oil companies, national oil companies and service companies in the petroleum sector as well as other sectors such as aviation, finance and so on globally.
The delegation, led by the Chief Executive of the NUPRC, Engr Gbenga Komolafe, was focused on exploring how Infosys’ cutting-edge technological solutions could support the Commission in achieving its regulatory mandate under the Petroleum Industry Act (PIA).
Central to the discussions were strategies to digitalise and automate key regulatory processes, streamline hydrocarbon accounting, and ultimately plug revenue leakages to enhance government revenues.
Highlight of the visit was the strategic meeting between the NUPRC Chief Executive and Mr. Nandan Nilekani, the Chairman of Infosys.
During this meeting, both leaders shared common vision of leveraging technology to drive transparency, efficiency and accountability in the petroleum sector.
The NUPRC Chief Executive articulated a clear vision of how digital solutions could revolutionise hydrocarbon management, ensuring accurate accounting and regulatory oversight. Mr. Nilekani, renowned for his role in India’s digital transformation, expressed his alignment with this vision, offering Infosys’ expertise in automation and data-driven solutions to support NUPRC’s goals.
The visit marked the beginning of a potential partnership aimed at modernising the Nigerian upstream petroleum sector, with Infosys positioned to provide cutting-edge solutions tailored to the unique challenges faced by the NUPRC.
Both parties are committed to exploring further collaborations to enhance regulatory efficiency, boost revenues, and establish Nigeria as a global leader in petroleum resource management.
