NMDPRA Introduces Updated Guidelines for Petrol Import Licensing

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has recently announced the introduction of updated guidelines for petrol import licensing. This significant development replaces the previous rules that were governed by the now-defunct Department of Petroleum Resources (DPR).

The NMDPRA, under the leadership of Chief Executive Officer Farouk Ahmed, emphasizes that the new regulations aim to simplify the import licensing process while instituting fines and penalties for non-compliance. This initiative is a key component of the government’s broader efforts to enhance the efficiency of the petroleum industry in Nigeria.

On October 15, 2024, during a stakeholder engagement event in Abuja, Ahmed revealed plans for a comprehensive document that will consolidate the existing regulations into a more user-friendly format. This move aligns with Section 216 of the Petroleum Industry Act (PIA) and will merge 12 previously gazetted regulations with other existing guidelines, including the Midstream and Downstream Petroleum Fees Regulations.

Energy experts expect the formal publication of these new guidelines, which are anticipated to include specific fines and penalties, in the Federal Government Gazette. Joseph Tolorunse, the agency’s legal adviser, highlighted the goal of streamlining all 16 draft regulations to enhance ease of reference and facilitate smoother implementation.

This initiative marks a pivotal step towards fostering a more organized and compliant petroleum sector in Nigeria, promising to improve the landscape for stakeholders involved in petrol importation.