The nomination is subject to Senate confirmation. Until then, the most senior official at NMDPRA will oversee operations in an acting capacity. The announcement was made by Bayo Onanuga, Special Adviser to the President on Information and Strategy.

Umar brings over 25 years of experience in the energy, manufacturing, and infrastructure sectors. He holds a degree in Accounting from Bayero University and is an alumnus of Harvard Business School. His appointment aligns with the provisions of the Petroleum Industry Act 2021.

The change in leadership follows the exit of Farouk Ahmed, the pioneer Chief Executive, who stepped aside in December 2025. Saidu Mohammed had previously held the position before his recent removal.

Bayo Onanuga stated, “The decision was taken in line with the provisions of the Petroleum Industry Act 2021 and is aimed at strengthening regulatory effectiveness in the midstream and downstream petroleum sector, in line with the Renewed Hope Agenda.” Observers expect that Umar’s leadership will address ongoing challenges within Nigeria’s energy sector.

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NMDPRA confirmed that Nigeria has a total of 74 days of aviation fuel supply sufficiency. This includes 12 days of inland stock sufficiency and an additional 62 days covered by refinery stock. As of April 16, 2026, the ex-gantry price of aviation fuel from Dangote Petroleum Refinery was N1,879 per litre.

However, the retail prices for aviation fuel across Nigeria ranged between N1,960 and N2,800 per litre as of April 17, 2026. The deregulated market allows prices to be determined by market forces, which can lead to fluctuations based on global conditions.

Airlines in Europe and Asia are facing potential jet fuel shortages due to ongoing conflicts in Iran. The International Energy Agency warned that several European countries may experience jet fuel shortages within the next six weeks. Yet, the United States is not currently in immediate danger of running out of jet fuel.

Rising global prices are impacting airlines significantly. Delta Airlines projected an additional $2 billion in fuel costs for the year due to these increases. Similarly, United Airlines could see an extra $11 billion in costs if current conditions persist.

Spirit Airlines has also expressed concern about how rising fuel costs could negatively impact its financial results. Fitch Ratings noted that financially weaker airlines might struggle to absorb these pressures. “Financially weaker airlines that may struggle to absorb these combined pressures could default and/or return aircraft early,” they stated.

The situation underscores the fragility of the airline industry in the face of rising operational costs. The four largest U.S. airlines spent approximately $100 million a day on average on fuel last year—an unsustainable figure if prices continue to rise.

As the market evolves, stakeholders will closely monitor both local and international developments affecting supply and pricing. Details remain unconfirmed regarding how long current price trends will last or if other markets will stabilize.

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Currently, the Dangote Petroleum Refinery operates at its full installed capacity of 650,000 barrels per day. However, it has been receiving only five cargoes of crude monthly, far below the expected 13 to 15 cargoes. This discrepancy has raised concerns among oil marketers and domestic crude refiners, who have called on the Federal Government to boost crude supply to local refineries.

The naira-for-crude deal, designed to stabilize Nigeria’s foreign exchange market, has been a focal point in discussions surrounding the fuel supply situation. A senior management official of the Dangote Group stated, “The naira-for-crude deal was conceived by His Excellency, the President,” highlighting the government’s involvement in addressing the fuel supply challenges.

Jeremiah Olatide, a spokesperson for the NMDPRA, confirmed that the decision to issue import licenses was made to tackle the supply gap. He noted, “Yes, it’s true. NMDPRA has begun issuing import permits; the number of permits issued lately is relatively low, which shows local refining still dominates, but we need to stabilize the market through imports.” This statement underscores the ongoing reliance on local refineries while acknowledging the necessity of imports to meet demand.

In February 2026, local refineries supplied 36.5 million litres of petrol per day, with imports contributing only 3 million litres. This stark contrast illustrates the significant role that local production plays in Nigeria’s fuel market, yet the recent import licenses indicate a shift in strategy to ensure adequate supply.

David Bird, another industry expert, emphasized that the naira-for-crude deal is not solely beneficial to the Dangote refinery, stating, “The naira-for-crude deal is not there to benefit the Dangote refinery. That is a fundamental misunderstanding.” His remarks reflect the complexities of the current fuel supply dynamics and the broader implications for the industry.

As the Federal Government navigates these challenges, observers are keenly watching how the reopening of fuel imports will impact the market. The NMDPRA’s action is seen as a temporary measure to address immediate supply concerns, but the long-term effects on local refineries and the overall fuel market remain to be seen. Details remain unconfirmed regarding the exact timeline for the imports and how they will be integrated into the existing supply chain.

With the Dangote refinery operating at full capacity yet struggling with crude supply, the government’s decision to reopen fuel imports marks a significant shift in policy aimed at stabilizing Nigeria’s fuel market amid ongoing geopolitical tensions and supply uncertainties.

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The price of fuel in Nigeria has been influenced by global crude oil prices and the ongoing conflict in the Middle East. Recently, the Dangote Refinery announced a reduction in petrol prices, bringing the cost down to N1,075 per litre from N1,175 per litre. Additionally, the price of diesel has been reduced to N1,430 per litre from N1,620 per litre.

In terms of distribution, petrol supplied through coastal channels will now sell at N1,050 per litre. However, prices vary across different regions, with petrol prices in Abuja currently ranging between N1,260 and N1,280 per litre, while in Lagos, prices are between N1,200 and N1,300 per litre.

Prior to these recent changes, petrol prices were between N809 and N835 per litre, indicating a significant increase before the latest reductions. The price of diesel has also seen a reduction of N190 per litre, which may provide some relief to consumers and businesses reliant on this fuel.

Government Response

In response to the fluctuating fuel prices, President Bola Tinubu has ordered the deployment of 100,000 CNG conversion kits, aiming to diversify fuel sources and reduce dependence on traditional petrol and diesel.

These developments come amid warnings from global oil executives about potential disruptions in oil supply chains, particularly concerning the Strait of Hormuz, a critical shipping route for global energy supplies. Amin Nasser, the CEO of Saudi Aramco, has highlighted the catastrophic consequences that could arise from continued disruptions.

As the situation evolves, observers are closely monitoring the impact of these price adjustments on the Nigerian economy and consumer behavior. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is expected to continue overseeing these changes to ensure market stability.

Details remain unconfirmed regarding the long-term effects of these price changes, but the immediate response from consumers and businesses will likely shape the future of fuel pricing in Nigeria.

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