President Bola Ahmed Tinubu has reconstituted the boards of key oil and gas regulatory agencies and forwarded the list of nominees to the Senate for confirmation. The action forms part of ongoing efforts to reform Nigeria’s energy sector and strengthen governance structures.
The reconstitution affects regulatory bodies responsible for upstream midstream and downstream petroleum operations. According to the presidency the new board members were selected based on competence industry experience and regional balance.
The move comes amid renewed focus on transparency efficiency and investment attraction within the oil and gas sector. Officials say the administration aims to reposition regulators to effectively implement existing petroleum laws and attract foreign direct investment.
Industry stakeholders have welcomed the development noting that strong regulatory leadership is critical for restoring investor confidence. Some analysts argue that regulatory instability in previous years discouraged long term investments.
The Senate is expected to review the nominations through its relevant committees before confirmation. Lawmakers have indicated that nominees will be thoroughly screened to ensure compliance with professional and ethical standards.
The reconstitution signals the administration’s determination to assert oversight and drive reforms in a sector that remains central to Nigeria’s economy.
