Nigeria’s House of Representatives Committee on Petroleum Resources (Downstream) has initiated a significant intervention to de-escalate escalating tensions between the Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The move aims to safeguard the stability of the nation’s petroleum sector, particularly in the crucial post-subsidy era.
Committee Chairman, Hon. Ikenga Imo Ugochinyere, announced the emergency session following concerns over a “growing tension” that threatens recent gains in sector stability. He highlighted that the core issue necessitating this urgent meeting stems from renewed friction between Alhaji Aliko Dangote’s refinery and the regulatory body.
The primary objective of the committee’s intervention is to ensure the continued stability of the downstream petroleum sector. This is vital as the nation navigates the complexities of consistent supply, pricing, and regulation following the removal of fuel subsidies.
In a decisive step to address the dispute, the House committee has formally summoned both the President of the Dangote Group, Alhaji Aliko Dangote, and the leadership of the NMDPRA. They are expected to provide comprehensive explanations regarding the issues fueling the ongoing discord.
Hon. Ugochinyere emphasized that a thorough understanding of the dispute’s root causes is paramount for the National Assembly to formulate and implement enduring solutions. The committee seeks insights into the allegations and counter-allegations to pave the way for lasting resolutions.
To foster a conducive environment for resolution, the committee has appealed to both parties to cease public exchanges and media statements. This “ceasefire” is intended to prevent further escalation while legislative deliberations are underway.
The committee has been actively receiving petitions concerning critical industry matters. These include concerns surrounding the issuance of import licenses and the capacity of domestic refineries to meet Nigeria’s daily petroleum product demand.
These pivotal industry issues will be subjected to rigorous examination during the upcoming hearings. Alhaji Aliko Dangote, the NMDPRA, and other key stakeholders are expected to present their perspectives to the committee.
Hon. Ugochinyere reiterated the committee’s plea for all parties to suspend further accusations. The House is committed to working towards a resolution that prioritizes the national interest and the long-term health of the petroleum sector.
This intervention occurs amidst heightened public scrutiny of Nigeria’s downstream petroleum industry. Expectations are considerable regarding the development of local refining capacity, the provision of regulatory clarity, and the assurance of stable fuel supplies across the nation.
Keywords: Dangote Refinery, NMDPRA, House of Representatives, petroleum sector, fuel subsidy, Nigeria, Aliko Dangote, import licenses