Leadnaija
Following the recent overhaul of the Nigerian National Petroleum Company Limited (NNPCL), President Bola Tinubu is reportedly planning another major shake-up — this time targeting the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
A reliable source within the presidency revealed to LeadNaija that the move is part of the administration’s broader strategy to sanitize and revitalize Nigeria’s oil and gas sector. The planned reforms are expected to address systemic inefficiencies and improve regulatory oversight across the upstream, midstream, and downstream operations of the petroleum industry.
This development comes just days after the president announced sweeping changes in the leadership of the NNPCL, signaling a clear intention to reposition Nigeria’s oil industry for transparency, profitability, and global competitiveness.
According to the insider, President Tinubu believes that overhauling the NUPRC and NMDPRA is essential for restoring investor confidence and maximizing the country’s vast petroleum resources.
“The president is not stopping at the NNPCL. He wants full accountability across all key petroleum institutions,” the source stated.
As stakeholders await formal announcements, analysts predict that the changes could usher in a new era of governance and performance in the Nigerian oil sector.
