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Umar Pledges Strong Energy Security Amid NMDPRA Reforms

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NMDPRA energy security reforms Umar pledge sees the agency chief commit to stronger fuel supply stability, regulatory efficiency, and national energy security

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The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Rabiu Umar, has pledged sweeping reforms aimed at strengthening energy security and ensuring stable fuel supply across Nigeria.

Also read: Dangote Highlights Excessive Spending by NMDPRA Chief, Calls for Probe

NMDPRA energy security reforms Umar pledge followed his screening on May 5, 2026, during which lawmakers commended his industry expertise, professionalism, and strategic vision for the petroleum sector.

Nominated by President Bola Ahmed Tinubu on April 29, 2026, Umar is tasked with reinforcing regulatory effectiveness and accelerating reforms under the Petroleum Industry Act.

During his appearance before lawmakers, he outlined a reform agenda focused on supply stability, regulatory efficiency, investor confidence, and nationwide product availability.

He stressed that global disruptions, including geopolitical tensions affecting major shipping routes, would continue to influence fuel prices but should not destabilise Nigeria’s domestic supply system.

“Global events may affect prices, but they should not define Nigeria’s stability. Our task is to build a petroleum system strong enough to absorb shocks,” Umar said.

He explained that his administration would prioritise strengthening Nigeria’s 22 depots, maintaining adequate stock buffers, and improving coordination across relevant agencies to ensure consistent fuel availability nationwide.

Umar emphasised that true energy security is measured by accessibility rather than storage volumes alone.

“Energy security is not measured only by volumes in storage. It is measured by whether fuel is available when Nigerians need it,” he stated.

With over two decades of experience in the petroleum and industrial sectors, Umar has held senior roles in major organisations including Oando Plc, Ashaka Cement Plc, and the Dangote Group, where he served as Group Chief Commercial Officer until recently.

His nomination has already received backing from key industry stakeholders, including petroleum marketers and retail operators, who described his appointment as timely and well-suited to address sector challenges.

Umar also promised to reposition the NMDPRA as a more efficient and investment-friendly regulator by eliminating bureaucratic delays and improving service delivery.

“The NMDPRA under my leadership will be firm in regulation, fair in conduct, and fast in execution,” he said.

Also read: Nigeria LPG Supply Falls Amid Rising Prices and Middle East Crisis

Industry observers say his reform agenda signals a potential shift toward stronger regulatory credibility, improved supply-chain efficiency, and increased private sector participation in Nigeria’s downstream petroleum industry.

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Tinubu to Open Niger Delta Economic Summit in Port Harcourt

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Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth

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Dangote Refinery Sets ₦525 Share Price for Landmark IPO

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Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.

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The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.

The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.

The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.

The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.

The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.

The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.

The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.

The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.

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Glo @23: Staff Unite for a Memorable Sports Celebration

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Glo marks its 23rd anniversary with a lively staff sports fiesta in Lagos, featuring football, games, prizes and celebrations centred on teamwork (more…)

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