The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has partnered with Infosys Limited, an Indian firm, to digitise and automate its regulatory processes.
In a statement, the NUPRC said the deal was made when a delegation, led by Gbenga Komolafe, its chief executive officer (CEO), visited the headquarters of Infosys in Bengaluru, India.
According to his statement, the partnership aims to explore Infosys’ cutting-edge technological solutions and to “support the commission in achieving its regulatory mandate under the Petroleum Industry Act (PIA).”
On August 16, 2021, President Muhammadu Buhari signed the Petroleum Industry Bill (PIB) 2021 into law.
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The law mandates the deregulation of the petroleum sector and the removal of petrol subsidy.
The NUPRC said the meeting was geared towards digitalising and automating key regulatory processes, streamlining hydrocarbon accounting, and plugging revenue leakages to enhance Nigerian government’s revenues.
“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,” the commission said.
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On his part, Nandan Nilekani, chairman of Infosys, said he aligns with NUPRC’s vision, adding that his firm’s expertise in automation and data-driven solutions supports the commission’s goals.
Infosys is an information technology firm that provides support and services to major oil companies and service companies in the petroleum, aviation, finance, and other sectors.
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