NMDPRA Proposes New Regulations to Boost Oil Sector Competition
The Federal Government of Nigeria is taking steps to improve competition in the midstream and downstream petroleum sector by proposing new regulations aimed at curbing monopoly and price-fixing. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has introduced the Midstream and Downstream Petroleum Prevention of Anti-Competitive Practices and Behaviour Regulations, 2026.
These regulations will govern the use of pipelines, terminals, storage facilities, pricing information, commercial contracts, and digital platforms. Concerns have been raised by stakeholders regarding the potential discouragement of long-term contracts, which are crucial for a capital-intensive sector.
The proposed regulations were first released for public consultation on August 6, 2026, allowing stakeholders to submit comments within 21 days, as mandated by Section 216(1) of the Petroleum Industry Act 2021. Rabiu Umar, the Chief Executive of NMDPRA, stated that the framework aims to create a transparent and efficient petroleum market while protecting both investors and consumers.
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