Abuja: Nigerian President Bola Ahmed Tinubu has signed an executive order designed to lower costs and enhance revenue from oil and gas projects. The Upstream Petroleum Operations Cost Efficiency Incentives Order (2025) introduces performance-based tax incentives for upstream operators and is expected to play an instrumental role in attracting investment, driving development, and unlocking greater value from the country’s oil and gas resources.

According to African Press Organization, the African Energy Chamber (AEC) commends the Nigerian government’s continued commitment to not only improving the operating climate for oil and gas firms but also strengthening the competitiveness of doing business in Nigeria. The Upstream Petroleum Operations Cost Efficiency Incentives Order (2025) is seen as an intentional strategy to transform the country, positioning Nigeria to attract fresh investment across its upstream oil and gas sector, reaffirming the country’s position as one of Africa’s top producers.

This recent executive order is a testament to Nigeria’s commitment to strengthening its regulatory landscape, improving fiscals, and supporting revenue generation across the oil and gas industry. The order is expected to play a significant role in attracting new investment into the country at a time when national production goals require greater capital and technology injection. The Upstream Petroleum Operations Cost Efficiency Incentives Order (2025) positions the country as a globally competitive hydrocarbon market, states NJ Ayuk, Executive Chairman of the AEC.