FG Sets September 2028 Deadline To End Gas Price Regulation

The federal government has set September 24, 2028, as the target date to end regulated pricing in Nigeria’s domestic gas market and transition to a fully established willing-buyer, willing-seller framework.
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Rabiu Umar, disclosed this on Thursday at the Gas Market Maturity Workshop organised under the Decade of Gas initiative at the Petroleum Technology Development Fund, Abuja.
Umar said the transition would be based on measurable conditions demonstrating the maturity of different segments of the gas market, in line with the provisions of the Petroleum Industry Act (PIA).
“Gas must b...