…Targets New Investments, Improved Revenues, and Greater Value for Nigerians
In a move to further strengthen Nigeria’s global competitiveness and attract greater investment into the oil and gas sector, President Bola Ahmed Tinubu, GCFR, has signed a landmark Executive Order establishing cost efficiency incentives for upstream petroleum operations.
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.
“This Order is a signal to the world: we are building an oil and gas sector that is efficient, competitive, and w