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Nigerian oil sector sees boost from NUPRC reforms, while Ghana faces $2 billion energy shortfall.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been praised for revitalizing Nigeria's oil sector through the successful implementation of the Petroleum Industry Act (PIA), improving investment indicators and attracting foreign investments.
Despite some criticism suggesting ongoing issues with policy implementation, the NUPRC has been credited with increasing transparency and efficiency.
Meanwhile, Ghana faces a $2 billion annual shortfall in its energy sector, partly due to foreign-backed fossil fuel investments that have deepened financial vulnerabilities.
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El sector petrolero nigeriano se ve impulsado por las reformas de NUPRC, mientras que Ghana enfrenta un déficit de energía de $ 2 mil millones.