Nigeria Government go start to revoke plenty oil blocks wey no dey active next week, as di Nigerian Upstream Petroleum Regulatory Commission dey move to collect back assets from operators wey fail to start development within di time wey dem suppose.

Di Chief Executive of NUPRC, Oritsemeyiwa Eyesan, talk dis one on Tuesday for one two-day onboarding workshop for holders of Petroleum Prospecting Licences wey dem award during di 2022/2023 and 2024 licensing rounds for Lagos.

Eyesan talk say di commission don issue directive to collect back blocks from licence holders wey fail to do activities within di time wey dem set, and she warn say operators wey hold assets without making progress no go dey allowed to keep dem forever.

Eyesan, wey strong about di plan, talk say some people don ask her if she dey make empty threat, but she warn say di government go really call in those idle assets before di end of di month.

Di commission directive cover licence holders wey fail to meet di timeline of three years for onshore assets and five years for offshore assets, according to Eyesan.

"I don issue circular, directive, say by di 31st of dis month, those wey dem award licences and wey never do anything within di time wey dem set (for onshore, three years; and offshore, five years), di commission go call in those blocks.

"And somebody ask me: no be just empty threat? Well, if you wan wait and see di blocking, I wish you good luck. E go be drill or drop. Dis na standard practice all over di world. For UK, for Netherlands, all over di world, people no dey just sit on assets", she talk.

She talk say di move aim to solve one problem wey dey happen well well for upstream petroleum sector, where some operators dey get licences but dey struggle to move go exploration, development and production.