Senate Unveils Plan to Resolve Petroleum Regulatory Clash and Boost Investor Confidence

The Senate Committee on Downstream Petroleum Sector has pledged to end a long-standing jurisdictional dispute between the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Oil and Gas Free Zones Authority. At the close of a five-day retreat in Yenagoa, Bayelsa State, the committee chair outlined a roadmap for practical recommendations to harmonise overlapping mandates. The aim is to strengthen regulatory coordination, ensure energy security, and drive sustainable economic growth. Stakeholders will engage on a neutral platform to develop a seamless regulatory framework that respects each agency’s lawful responsibilities. The initiative is designed to improve investor confidence and attract fresh capital into Nigeria’s energy industry.

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