Senate warns oil regulators against sabotaging Tinubu’s reforms

The Senate has cautioned regulatory bodies within the oil sector against undermining President Bola Tinubu's reforms, emphasizing the need for transparency, professionalism and accountability. During a screening of nominees for executive director positions at the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Senator Abdulrahman Sumaila warned against administrative bottlenecks, inefficiency and non-compliance with government policies.

He stressed that the Senate would not tolerate practices that could harm public institutions or erode public confidence. Sumaila urged nominees to prioritize the welfare of Nigerians, eliminate inefficiencies and foster healthy competition, while maintaining independence and transparency in their regulatory functions. The reforms aim to reposition the petroleum industry, enhance economic sustainability and mitigate the rising cost of petroleum products, which has exacerbated the financial burden on households and businesses.

The committee chairman emphasized the critical nature of the appointments, as they would significantly impact energy security, investment, and the welfare of Nigerians.