NUPRC Says Underinvestment Caused Nigeria Significant Loss In Geoscientists, Petroleum Engineers

Chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has canvassed for the rebuilding of Nigeria’s technical and commercial talent pipeline as renewed investment returns to the sector after years of underinvestment that depleted the country’s pool of geoscientists, petroleum engineers and other critical technical professionals,

She emphasised that Nigeria’s annual oil and gas investment, which stood at about $24 billion in 2014, had fallen to roughly $2 billion by 2023, representing a decline of more than 90 per cent over the period.

Eyesan therefore warned that the country could face a new constraint if investment accelerates...