The Senate Committee on Petroleum Sector has pledged to resolve the longstanding jurisdictional dispute between the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Oil and Gas Free Zones Authority in a move aimed at improving regulatory coordination and strengthening investor confidence in Nigeria’s energy industry.
The Chairman of the Senate Committee on Downstream Petroleum Sector, Abdulrahman Sumaila, made the commitment at the end of a five-day retreat held in Yenagoa, Bayelsa State.
According to Sumaila, the committee intends to produce practical and implementable recommendations that will promote regulatory harmony, support energy security, and drive sustainable economic growth.
Senate seeks practical solutions
Mr Sumaila explained that the retreat was designed to provide a neutral platform for engagement among all relevant stakeholders involved in petroleum regulation.
“The objectives of the retreat are to facilitate meaningful dialogue among all stakeholders on issues arising from overlapping statutory mandates and develop practical coordination frameworks capable of promoting seamless regulation while respecting the lawful mandates of the institutions involved,” he said.
