Nigeria’s President, Muhammadu Buhari is currently meeting with the Chief Executive Officers (CEOs) of two new agencies: the Nigerian Upstream Regulatory Commission (NURC), Farouk Ahmed, and the Nigerian Downstream and Midstream Petroleum Regulatory Authority (NMDPRA), Gbenga Komolafe at the statehouse.
They were led into the meeting with the President by the country’s Minister of State for Petroleum, Timipre Sylva.
It would be recalled that on October 21, 2021, Nigeria’s senate had approved the inauguration of a new governing board for the Nigerian Upstream Regulatory Commission (NURC) and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which would oversee the regulatory implementation of the PIA and Nigeria’s oil industry.
The Petroleum Minister stated that it was a regular transition due to the new passage of the PIA as he inaugurated the new Chief Executive Officers (CEOs) and members of the Governing Boards of the Commission and Authority.
