The Nigerian Upstream Regulatory Commission (NUPRC) said Friday it has launched a cutting-edge online platform designed to ease regulatory compliance and oversight functions in the oil and has sector.
At the launching of the app in Abuja, the agency said the online platform will also enable operators in the sector to meet regulatory requirements in a timely, efficient, and cost-effective manner.
According to the commission, the app ‘HostComply’ is to streamline reporting of environmental, social and governance (ESG) management for operators, host communities, and regulators, a cardinal requirement of the Petroleum Industry Act (PIA) 2021.
In a statement released on Friday, the NUPRC said the launching of the app is in a groundbreaking partnership entered into with industry experts and in line with its statutory mandate as the regulator of the upstream oil and gas sector.
It said given the friction often experienced between operators in the petroleum sector and their host communities, HostComply was strategically developed to offer comfort to the Host Community Development Trust (HCDT) by providing stakeholders with a robust technological tool to interface and…
Mary Izuaka
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