DAPPMAN commends NMDPRA for strategic oversight in Nigeria’s downstream sector
The Executive Secretary of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole, has attributed the stability, innovation, energy access and continuing growth in the sector to strategic regulatory oversight by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
According to him, the “firm, fair and functional” leadership of the NMDPRA has facilitated improved operational efficiency, product availability, and investor confidence in downstream sector.
Adewole said the NMDPRA under the leadership of Engr. Farouk Ahmed is transforming the sector, adding that DAPPMAN would continue to support and work with the authority to achieve sustainability in the sector and enhance access to world-class energy solutions across the nation.
“DAPPMAN applauds the commitment of the NMDPRA to fostering a competitive market, enhancing energy security, and encouraging innovation as the sector responds to unfolding global oil and gas market challenges and opportunities,” he said.
Adewole said the intervention of the NMDPRA and its collaboration with the NNPC Limited and other stakeholders in the sector has significantly reduced fuel scarcity incidents, ensuring consistent nationwide supply. According to recent reports, Nigeria has maintained petrol sufficiency in recent times, a marked improvement from previous years.
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