Reporting by Joy Baba-Yesufu
The Federal Ministry of Industry, Trade, and Investment has reiterated its commitment to regulatory compliance, transparency, and business profitability in Nigeria’s petroleum industry, as it seeks to enhance accuracy in measurement standards within the sector.
At a one-day Stakeholders’ Sensitisation Workshop held in Port Harcourt, Rivers State, industry experts, government agencies, and regulatory bodies gathered to discuss best practices in legal metrology compliance—a crucial aspect of the midstream petroleum sector.
The workshop, themed “Enhancing Business Profitability and Customer Patronage through Compliance Applications of Legal Metrology in the Midstream of the Petroleum Industry,” underscored the importance of precise measurement standards to ensure fairness in trade and consumer protection.
Ambassador Nura Abba Rimi, Permanent Secretary of the Ministry, emphasised the critical role of legal metrology in fostering transparency and credibility in the industry.
“Legal metrology ensures fairness in trade, protects consumer interests, and strengthens industry credibility both locally and internationally,” Rimi said.
“This workshop is part of our ongoing commitment to promoting accuracy, transparency, and regulatory compliance in the midstream petroleum sector.”
The forum provided an opportunity for collaboration between Weights and Measures officials, business operators, and regulatory agencies, with discussions focused on strategies to improve oversight and enhance compliance within the sector.
The Ministry reaffirmed its dedication to strengthening regulatory enforcement, improving industry oversight, and fostering a culture of compliance.
It also pledged to continue engaging industry stakeholders through capacity-building initiatives, policy reforms, and strategic partnerships to keep Nigeria’s petroleum sector globally competitive.
The midstream petroleum sector, which includes storage, transportation, and wholesale marketing of refined products, plays a vital role in Nigeria’s oil and gas industry. Analysts say that improved compliance and standardisation could help attract foreign investment and boost consumer confidence.
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