Reps com’tt passes vote of confidence in NMDPR management, says reforms are working

The House of Representatives Committee on Petroleum Resources (Downstream) has handed a vote of confidence within the management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), led by its Chief Executive, Mallam Rabiu Abdullahi Umar, expressing confidence within the ongoing reforms and efforts to strengthen regulatory oversight in Nigeria’s midstream and downstream petroleum sector.

The committee’s resolution underscores its recognition of the significance of efficient regulation, transparency, accountability and sustained stakeholder engagement in constructing a extra environment friendly, aggressive and sustainable petroleum business.

In a press release signed by the Chairman of the Committee, Hon. Ikenga Ugochinyere, the lawmakers emphasised that sustained collaboration between the National Assembly and related regulatory businesses stays essential to the efficient implementation of the Petroleum Industry Act (PIA), the safety of client pursuits and the promotion of a secure and aggressive petroleum market.

The committee acknowledged the necessity for continued reforms to deal with prevailing challenges within the sector, enhance operational effectivity, entice funding and strengthen public confidence in petroleum regulation.

While commending the NMDPRA management for its engagement with the legislature, the committee reaffirmed its dedication to offering efficient legislative oversight to make sure that the authority fulfil its statutory obligations within the total curiosity of Nigerians.

It additional pressured that constructive engagement between the legislature and the regulatory authority would improve accountability, deepen institutional cooperation and help efforts to construct a extra clear, environment friendly and sustainable petroleum business.

The committee known as on related stakeholders to maintain their cooperation in advancing reforms that promote nationwide financial progress, defend customers and enhance service supply throughout the petroleum worth chain.

It reiterated its readiness to work intently with the NMDPRA and different related establishments to deal with rising issues, strengthen regulatory effectiveness and be sure that the advantages of ongoing reforms translate into tangible enhancements within the lives of Nigerians.