Nigeria, July 4 -- There are moments in a nation's history when a single bold decision rewires the entire system and restores sanity to an industry long ruled by chaos. For Nigeria, that moment arrived in May 2023, when President Bola Ahmed Tinubu made the daring choice to remove the petrol subsidy. That decision, painful as it was for many, did not just free up fiscal resources. It catalysed the most transformative era in Nigeria's energy sector since independence.

But while the headlines focused on the end of fuel queues and rising pump prices, a quieter revolution was unfolding, with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) at the centre of it. The authority has become one of the most effective reg...