From Premium Times Nigeria · Abdulqudus Ogundapo · · 1m 30s
Senate warns petroleum regulators against sabotage
Senate panel urges petroleum regulators to stop economic sabotage and policy undermining.
In brief
Senate panel urges petroleum regulators to stop economic sabotage and policy undermining. Senate committee warns petroleum regulators against sabotaging the economy and undermining government policies in oil and gas sector. Originally reported by Premium Times Nigeria.
Senate committee warns petroleum regulators
Senate Committee on Petroleum Downstream warns petroleum regulatory agencies against sabotaging the nation's economy and undermining government policies in oil and gas sector.
Committee chairman Kawu Sumaila gives warning
Committee chairman Kawu Sumaila (APC, Kano South) warned against administrative sabotage, lack of transparency, inefficiency and conduct undermining government policy implementation.
Sumaila cites economic hardship
Sumaila acknowledged rising petroleum costs and their contribution to economic hardship facing Nigerians.
Sumaila urges practical measures
Sumaila urged regulators to develop practical measures to ease burden on citizens and alleviate economic hardship.
Sumaila calls for progressive regulation
Sumaila stated regulation must be progressive, transparent, responsive and people-centered rather than punitive.
Senate committee background
Senate formed ad hoc committee in July 2024 to investigate alleged economic sabotage in petroleum sector.
Committee invited agencies to explain
Committee invited NNPCL, NMDPRA, NUPRC, Central Bank of Nigeria and other agencies to explain roles in sector challenges.
Committee cleared nominees
Committee cleared nominees including Abiodun A. Adeiji, Ogbugo Ukoha, Mustapha Lamorde and others for executive director positions.
Sumaila congratulates nominees
Sumaila congratulated cleared nominees and urged them to justify confidence through delivering on mandates.
Committee report pending
Committee report will be presented to Senate plenary for consideration and final confirmation decisions.
The big picture
Senate committee warns petroleum regulators against sabotaging the economy and undermining government policies in oil and gas sector.
