AGF Pledges Support for Nigeria’s New Oil Sector Regulator

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By Chibisi Ohakah, Abuja

Nigeria’s Accountant General, Ahmed idris (FCNA) has pledged the support of his office to the quest by the newly established Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), to succeed in its mandate.

The news agency is responsible for the technical and commercial regulation of the midstream and downstream operations in Nigeria. It was created last September after the scrapping of three hitherto oil regulatory agencies, namely, – the Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA) and Petroleum Equalization Fund (PEF).

Receiving the management team of the agency, led by the executive director, finance and accounts, Mr. Abiodun Adeniji, in his office in Abuja, Ahmed Idris said reaffirmed the readiness of the Treasury to extend to the new agency the seamless, mutually beneficial relationship and cooperation it had with the three defunct agencies.

The accountant general expressed optimism that such cooperation will help secure the necessary finances for the government and help grow the economy.

Making a case for treasury officers to be co-opted as internal auditors in the Agency, Idris pointed out that statutorily, treasury officers serve as internal auditors in all Ministries, Departments and Agencies (MDAs), adding that such should be applicable in the agency.

He congratulated the management team on their appointment and charged them to uphold the ideals of transparency, accountability and zero tolerance for corruption.

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