The Senate Committee on Petroleum Sector has vowed to end the existing jurisdictional regulatory conflict between the Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Oil and Gas Free Zone Authority (OGFZA).
The Chairman of the Senate Committee on Downstream Petroleum Sector, Senator Abdulrahman Sumaila, stated this at the committee’s five-day retreat which ended in Yenagoa, Bayelsa State on Friday..
Sumaila promised that the committee will at the end of the retreat come up with practical and implementable recommendations that will promote harmony, investors’ confidence, energy security and sustainable economic development.
He explained that the retreat was designed to provide a neutral platform for constructive engagements among all relevant stakeholders, adding that “The objectives of the retreat are to facilitate meaningful dialogue among all stakeholders on issues arising from the overlapping statutory mandates; develop practical coordination framework capable of promoting seamless regulations, while respecting the lawful mandates of the institutions involved.
“The committee will also examine whether legislative clarification or amendment is required, study and identify ambiguities as well as to ensure that the outcomes of the retreat are in line with national security, consumer protection, market stability and economic growth.”
