Federal Ministry of Petroleum Resources

The Federal Ministry of Petroleum Resources is the government body responsible for overseeing Nigeria's petroleum industry. It formulates and implements policies that govern the exploration, production, refining, distribution, and regulation of petroleum and natural gas resources. The ministry plays a central role in managing Nigeria's most strategic economic sector and ensuring its contribution to national development.

As the key driver of energy policy and reforms, the ministry is focused on maximizing the benefits of Nigeria's oil and gas wealth for sustainable economic growth.

Core Functions and Responsibilities:

• Formulating and implementing petroleum sector policies, regulations, and strategic plans
• Overseeing the activities of agencies such as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and the Nigerian National Petroleum Company Limited (NNPCL)
• Promoting transparency, efficiency, and competitiveness in the oil and gas sector
• Facilitating investment in exploration, production, refining, and gas development projects
• Enhancing domestic refining capacity and reducing dependence on fuel imports
• Coordinating the implementation of the Petroleum Industry Act (PIA) to reform the sector and improve governance
• Encouraging gas utilization for power generation, industrialization, and clean energy transition
• Managing relationships with international oil companies, joint venture partners, and multilateral organizations

This dashboard provides insight into the ministry's budget, policy implementation, and sector performance, offering a transparent view of how petroleum resources are managed to drive Nigeria's economic transformation.