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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Tinubu sacks NMDPRA boss amid jet fuel pricing row

From The Punch · (4m ago) English

Summarized and contextualized by DistantNews.

TLDR

  • President Bola Tinubu has removed Saidu Mohammed as the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
  • The sack comes amid threats by airlines to halt operations due to high aviation fuel costs and complaints from Dangote Refinery about import licenses.
  • Rabiu Umar has been nominated as the new Chief Executive, pending Senate confirmation, with the aim of strengthening regulatory effectiveness.

In a significant move aimed at bolstering regulatory effectiveness within Nigeria's critical petroleum sector, President Bola Tinubu has approved the removal of Saidu Mohammed as the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This decision, announced by the Special Adviser to the President on Information & Strategy, Bayo Onanuga, comes just four months after Mohammed's appointment and signals a push towards strengthening the 'Renewed Hope Agenda' in energy security and sector reform.

President Bola Tinubu has approved the removal of Mr Saidu Mohammed as the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, in the public interest.

โ€” Bayo Onanuga, Special Adviser to the President on Information & StrategyAnnouncing the dismissal of the NMDPRA Chief Executive.

The timing of Mohammed's dismissal is noteworthy, occurring amidst mounting pressures within the industry. Airline Operators of Nigeria have been vocal about their struggles with the escalating cost of aviation fuel, even threatening to cease operations. Concurrently, the Dangote Petroleum Refinery has raised concerns regarding the NMDPRA's issuance of fuel import licenses, indicating a potential disconnect in market dynamics. These concurrent challenges underscore the complex environment in which the NMDPRA operates and the government's desire for more robust regulatory oversight.

The President has also approved the nomination of Mr Rabiu Abdullahi Umar as the new Chief Executive of the NMDPRA. The appointment is subject to Senate confirmation.

โ€” Bayo Onanuga, Special Adviser to the President on Information & StrategyAnnouncing the nomination of the successor.

President Tinubu has nominated Rabiu Abdullahi Umar, a seasoned executive with over 25 years of experience in the energy, manufacturing, and infrastructure sectors, to succeed Mohammed. Umar, an alumnus of Bayero University and Harvard Business School, brings a wealth of experience, including a significant tenure as Group Sales and Marketing Director at Dangote Cement. His appointment, pending confirmation by the Senate, is expected to inject new leadership and strategic direction into the NMDPRA. The presidency has emphasized its commitment to ensuring capable leadership in key regulatory institutions to foster sustainable economic growth, signaling a proactive approach to addressing the nation's energy challenges.

Mr Umar is a seasoned executive with over 25 years of experience across the energy, manufacturing, and infrastructure sectors, and a proven track record in strategic leadership, operational transformation, and large-scale project delivery.

โ€” Bayo Onanuga, Special Adviser to the President on Information & StrategyHighlighting the qualifications of the nominated successor.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.