Nigerian Lawmakers Criticized Over NNPC Probes, Investor Confidence at Risk

The Nigerian House of Representatives faced backlash for numerous investigations into the NNPC, impacting investor confidence in the oil and gas market. Jonathan Ogula highlighted the need for a more streamlined approach to regulatory oversight to avoid duplication and maintain transparency.

The probes risk sending negative signals to international partners and investors. Suggestions were made to consolidate inquiries under a single committee with clear procedures and timelines to enhance operational efficiency and transparency.