The Federal Ministry of Petroleum Resources sets policy for Nigeria's upstream, midstream and downstream oil and gas value chain, including licensing oversight, local content, gas commercialisation, and energy-transition planning. The President holds the substantive portfolio, supported by separate Ministers of State for Oil and for Gas.
It supervises the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPC Ltd), the Nigerian Content Development and Monitoring Board (NCDMB), and the Petroleum Technology Development Fund (PTDF).
Strategic priorities include full implementation of the Petroleum Industry Act 2021, the Decade of Gas initiative, expansion of CNG and LPG adoption under the Presidential CNG Initiative, growth of crude production above 2 million barrels per day, deepwater investment incentives, and refining capacity recovery alongside Dangote and modular refineries.