The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has denied issuing an order to stop gas supply to power generating companies, GenCos, due to a debt of N2trn.
The NMDPRA said this on Wednesday, describing the reports as false and completely unfounded.
The regulatory agency said the information shared at a recent stakeholders’ engagement held in Lagos has nothing to with the allegation.
It said the rationale behind the engagement was to sensitize stakeholders on the requirements, opportunities and benefits associated with the implementation of the wholesale supply license as provided by the Petroleum Industry Act (PIA) 2021.
The NMDPRA therefore advised Nigerians to completely disregard the publication, assuring that every effort is being made to ensure that the supply and distribution of natural gas and petroleum products to end users is seamless and unabated.