Uncertain regulations can derail oil investments – NMDPRA boss

AI Summary

Rabiu Umar, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, warned that unclear and inconsistent regulations could deter investment in Nigeria’s petroleum sector. He emphasized that predictable rules are critical to manage risks and attract capital.

The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Rabiu Umar, has warned that uncertainty in the regulatory environment could undermine investments in Nigeria’s petroleum industry. Umar said investors were prepared to manage commercial risks but found regulatory uncertainty more difficult to accommodate, stressing that clear, consistent and predictable rules were critical Read More: https://punchng.com/uncertain-regulations-can-derail-oil-investments-nmdpra-boss/