The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has urged investors in the oil and gas sector to expand operations beyond the South-South and South-West regions. The Authority emphasized the northern region's growing population and rising energy demand as key opportunities for development.
NMDPRA stated that the northern region offers significant potential for investment and growth. The call comes as the country seeks to balance regional development and reduce economic disparities. The Authority noted that the region's energy needs are increasing, creating a demand for new infrastructure and services.
This directive follows recent efforts to promote equitable economic growth across Nigeria. The NMDPRA has been working to attract more investment to underdeveloped areas, aiming to create jobs and improve energy access. The move is part of a broader strategy to diversify the downstream market and ensure sustainable development. The Authority also highlighted the need for more local participation in the sector to support long-term growth.
