The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has made a formal visit to the headquarters of Infosys, a global leader in information system technology in Bengaluru, Indian, as part of its moves towards full digitisation of its operations.
A statement from the upstream regulator on Friday, said the move was a significant step towards fostering digital transformation in Nigeria’s upstream petroleum industry.
Infosys is a worldwide leader in information system technology with about 320,000 employees and about $18.6 billion annual turnover. It 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, Gbenga Komolafe, the statement said, 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, it said , 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 the meeting, the NUPRC said both leaders shared a 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.
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, the statement said, 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,” the statement said.
Emmanuel Addeh
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