Senate Urges Oil Regulators to Support Tinubu's Reforms

The Senate has issued a warning to petroleum sector regulatory agencies to avoid administrative sabotage, inefficiency, and lack of transparency, stating it will not tolerate actions that could hinder President Bola Tinubu's reforms in the industry. This warning was articulated by Senator Abdulrahman Sumaila, Chairman of the Senate Committee on Petroleum Downstream, during the screening and confirmation of seven nominees for executive director positions in the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

Sumaila expressed concerns over alleged administrative bottlenecks and inefficiencies that could damage Nigeria's economic prospects. He urged the nominees to demonstrate professionalism and integrity, emphasizing that their roles are crucial during the country's economic transition.

He acknowledged the rising costs of petroleum products and urged the nominees to ensure their regulatory responsibilities benefit Nigerians while maintaining transparency and accountability.