By Obas Esiedesa, Abuja
ABUJA — The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has clarified that the Midstream and Downstream Gas Infrastructure Fund, MDGIF, is not responsible for collecting gas flare penalties, following concerns raised in the 2023/2024 Annual Report of the Auditor-General of the Federation.
The NMDPRA, in a statement signed by its Director of Public Affairs, George Ene-Ita, said gas flare penalties are collected solely by the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, in line with its statutory mandate.
It explained that the funds collected by NUPRC are remitted into the Federation Account, from where allocations are subsequently made to MDGIF’s dedicated account with the Central Bank of Nigeria through the Federation Account Allocation Committee, FAAC.
According to the Authority, the process is documented, with records of the relevant transactions available.
