This is included in the recently disclosed budget plan for government-owned entities (GOEs) for 2024.
NUPRC also intends to budget N1.5 billion for emergencies.
The agency states that the anticipated expenditure for the acquisition of automobiles is N713.25 million, whereas the N20.07 billion projected budget is set aside for the development of office buildings.
Furthermore, N265.43 million is dedicated to local training and N906.92 million to international training, with foreign and domestic travel and transport charges estimated at N2.66 billion, while N112.97 million is given to promotion, recruiting, and appointment.
The commission announced that it will spend N633.38 million on publicity and ads, N3.5 billion on software charges and license renewals, and N1.02 billion on office supplies and computer consumables.
NUPRC also set aside N2.97 million for honoraria and sitting allowance, N131.59 million for the acquisition of a power producing equipment, and N71.77 million for refreshments and meals.
NUPRC estimated that N232.378 billion will be generated in income, out of a total budgeted expenditure of N229.815 billion.
A transfer of N2.049 billion is planned by NUPRC to the consolidated revenue fund (CRF).
NUPRC, meanwhile, presented a three-year strategy (2024–2026) for operations in the oil and gas industry on January 1.
The plan for 2024 calls for increasing oil output to 2.6 million barrels per day, adopting production restriction and a domestic crude supply obligation system, setting up an oil and gas price and value monitoring desk, and implementing a new royalties management method.
