President Bola Tinubu has issued a new Executive Order to lower project costs, attract more investors, and enhance revenues from operations in the oil sector.
The document, which was made public by the office of the Special Adviser to the President on Energy, Olu Verheijen, said the move is to further strengthen Nigeria’s global competitiveness and attract greater investment into the sector.
The Upstream Petroleum Operations Cost Efficiency Incentives Order, 2025, introduces a new performance-driven framework that links tax incentives to verifiable cost savings, benchmarks operations by terrain, and protects public revenues while rewarding operational efficiency.
