Tinubu Signs Executive Orders on Oil, Gas Reforms

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President Bola Tinubu has signed new rules to make Nigeria a prime destination for investments in the oil and gas industry in Africa. He made this decision after discussing extensively with important people in Abuja.

The president’s spokesperson, Ajuri Ngelale, revealed that the orders include giving financial benefits for projects related to gas, improving midstream operations, and speeding up deepwater projects. The goal is to cut down the contracting process to just six months.

Ngelale also mentioned that the President instructed the special adviser on Energy to ensure that these rules are followed within a specific time frame. This move aims to enhance Nigeria’s standing in the oil and gas sector across the continent.

Source: Buisness Day

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