The Nigerian Midstream and Downstream Petroleum Regulatory Authority (Otherwise known as “The Authority”) was created in August 2021 in line with the Petroleum Industry Act 2021 which provides legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry as well as development of Host Communities.
Consequently, Mr President approved the appointment of Mr. Farouk Ahmed as the Authority Chief Executive of the NMDPRA as conveyed by the Secretary to the Government of the Federation to the Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva to run the day-to-day affairs of the new regulatory authority.
NMDPRA’s encompasses a merger of three defunct regulatory agencies: Petroleum Products Pricing Regulatory Agency (PPPRA), Petroleum Equalization Fund {Management} Board (PEFMB), the Midstream and Downstream Divisions of the Department of Petroleum Resources (DPR). This birth has ushered a new dawn for establishing a progressive regulatory framework that encourages investment and full optimization of the midstream and downstream sector of the petroleum industry in Nigeria.
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The Authority is responsible for the technical and commercial regulation of the midstream and downstream operations in Nigeria.