Uncertain regulations can derail oil investments – NMDPRA boss

The Punch | 27-08-2026 12:46am |

The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Rabiu Umar, has warned that regulatory uncertainty could deter investments in Nigeria's petroleum industry. Umar noted that investors are prepared to handle commercial risks but find unpredictable regulations difficult to accommodate, emphasizing the need for clear and consistent rules.

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