Tinubu signing 5.webp
The Digest:

President Bola Tinubu has nominated former Senator Magnus Abe as Chairman of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), leading a list of 21 nominees submitted to the Senate for confirmation to oversee Nigeria's critical oil and gas regulatory agencies.

Kry Points:

  • President Tinubu nominated former Senator Magnus Abe as Chairman of the NUPRC board.
  • A total of 21 nominees were submitted for the boards of NUPRC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
  • For the NUPRC, nominees include seven executive commissioners and several non-executive members like Paul Jezhi and Sunday Babalola.
  • Adegbite Adeniji, a veteran energy lawyer, was nominated as Chairman of the NMDPRA board.
  • Other NMDPRA nominees include former Minister Kenneth Kobani and several executive directors.
  • The appointments follow recent Senate confirmations of CEOs for both regulatory agencies.
  • President Tinubu charged all nominees to ensure professional oversight of the strategic petroleum sector.
The nomination of key figures to these regulatory boards represents a deliberate attempt to steer the nation's vital oil and gas sector through the complex storms of governance and global market dynamics.

Sources: Punch