FG to end regulated gas pricing in 2028
The Federal Government plans to end regulated pricing in Nigeria’s domestic gas market by 2028, transitioning to a willing-buyer, willing-seller framework. Read More: https://punchng.com/fg-to-end-regulated-gas-pricing-in-2028/
The Nigerian government plans to end regulated gas pricing by September 24, 2028, as part of a transition to a fully established willing-buyer, willing-seller framework. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) aims to achieve this transition based on measurable conditions that demonstrate the maturity of different segments of the gas market, in line with the Petroleum Industry Act.
The NMDPRA's Chief Executive, Rabiu Umar, emphasized that gas must remain affordable for Nigerians while supporting President Tinubu's investment reforms, and that the goal is to become a gas-powered economy by 2030.
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- FG to end regulated gas pricing in 2028 punchng.com
