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NMDPRA To Unveil Regulations On Gas Pricing, Pipeline Tariff, Others
For efficient operations of the oil and gas industry, the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that it was drafting six regulations on midstream and downstream operations to bring clarity, improve business processes and ease of doing business in the sector.
The authority’s Chief Executive Officer, Farouk Ahmed, made this known in a meeting with members of the Independent Petroleum Producers Group (IPPG) in Abuja.
Ahmed said the regulations were to address: gas pricing, environmental management plan, environmental remediation fund, decommissioning and abandonment, gas infrastructure fund and natural gas pipeline tariff.
He also explained that a working team chaired by the Executive Director, Distribution Systems, Storage & Retailing Infrastructure (DSSRI), Mr Ogbugo Ukoha, has been set up to review the draft regulations, engage and consult stakeholders for smooth implementation when released.
Ahmed further stated that “One of our key concerns is boosting local refining. Dangote and BUA refineries are coming on board; however, we want to see more companies investing in refineries so we can stop the importation of refined petroleum products, save our foreign earnings, create jobs and add value to the economy’’.
The NMDPRA boss noted and commended the gradual growth of indigenous players in local exploration and production of petroleum products.
Earlier, the IPPG Chairman, Mr Abdulrazaq Isa said the IPPG was an association of 25 indigenous Exploration and Production (E&P) companies with the vision to promote the continued development of the Nigerian petroleum industry for the benefit of industry stakeholders and the nation.
Isa noted that timely communication with industry players was important at this time that the authority was going through a transition period.
IPPG called on the NMDPRA to, as a matter of urgency, enact regulations on tariffs, domestic gas and clear license issuance modalities, amongst others.
The NMDPRA boss pledged the authority’s commitment in making the business climate in the midstream and downstream conducive for local and foreign investment to thrive.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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