In a strategic move to reposition Nigeria’s oil and gas sector, President Bola Ahmed Tinubu has signed a sweeping executive order designed to reduce operational costs and attract new investment into the petroleum industry.
The new policy framework includes tax incentives, streamlined licensing, and regulatory harmonization aimed at making Nigeria a competitive destination for energy investment.
Also Read: Whoever Defeats Tinubu in 2027 Must Be Ready to Face Thugs, Nigerians Warn
Experts say the order could unlock over $20 billion in stalled projects and increase daily production output by 25% in the next two years.
The Ministry of Petroleum Resources confirmed that the changes will take effect immediately, with a detailed roadmap to be published next week.
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