President signs Three Executive Orders on Oil and Gas Reforms

On 28 February 2024, his Excellency, President Bola Ahmed Tinubu, GCFR, signed three Executive Orders as part of the Federal Government of Nigeria’s (FGN) commitment to improve the investment climate and position Nigeria as the preferred investment destination for the Petroleum Sector in Africa. The Executive Orders (hereinafter referred to as the Orders), which became effective 28th February 2024, are as follows:

1. Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024
2. Presidential Directive on Local Content Compliance Requirements, 2024
3. Presidential Directive on Reduction of Petroleum Sector Contracting Costs and Timelines, 2024

Please click here to read the full publication.