Tinubu Launches New Oil Sector Incentives to Cut Costs, Spur Investment
In a bold move to revive Nigeria’s upstream oil and gas sector, President Bola Tinubu has issued a new Executive Order aimed at reducing high operational costs, boosting investor confidence, and unlocking greater economic value from the country’s petroleum resources. The order, titled “The Upstream Petroleum Operations Cost Efficiency Incentives Order (2025)”, introduces performance-based tax