By ESTHER McWILLIS-IKHIDE THE Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has pledged to ensure fairness and transparency in resolving disputes over the location of oil and gas wells across Nigeria’s oil-producing states. The assurance was given on Monday in Abuja by the Chairman of the Commission, Dr. Mohammed Shehu, while briefing journalists on the […]
Nigeria at a Critical Energy Crossroads NIGERIA may be on the verge of squandering a rare strategic advantage in the global energy market as policy failures and regulatory bottlenecks continue to limit the performance of the 650,000 barrels-per-day Dangote Petroleum Refinery, according to energy expert Abdulrazaq Hamzat. Hamzat, Executive Director of the Foundation for Peace […]
Institutional Capture, Ethics, and the Mindset Question Regulatory Capture: The Invisible Threat PROF. Wumi Iledare, a globally respected petroleum economist, shifted the debate from individuals to institutions. He warned that Nigeria’s petroleum regulators must avoid regulatory capture, where powerful operators shape enforcement, timelines, pricing policy, or approvals to favour select […]
THE SYSTEM ON TRIAL When the Regulator Becomes the Obstacle NIGERIA’S petroleum crisis no longer hides behind excuses. The resignation of the chief executives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has forced the country to confront an uncomfortable truth: the institutions designed to […]
By NINI NDUONOFIT-AKOH Resignations Amid Explosive Allegations THE abrupt resignation of the CEOs of Nigeria’s key petroleum regulatory agencies has intensified demands for a sweeping forensic investigation into the oil and gas sector. The resignations followed allegations by Aliko Dangote that entrenched interests undermine local refining while profiting from crude exports and substandard fuel imports. […]