April 2024 – An Overview of the Recent Presidential Directives and the Executive Order Relating to the Oil and Gas Industry
- April 18, 2024
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In this newsletter, titled ‘An Overview of the Recent Presidential Directives and the Executive Order Relating to the Oil and Gas Industry,’ we examine the latest executive order and presidential directives issued by the President of the Federal Republic of Nigeria and Minister of Petroleum Resources, Bola Ahmed Tinubu, on February 28, 2024. These directives aim to reform the Nigerian oil and gas sector by providing new guidelines and measures for tax incentives, local content compliance, and cost and timeline reductions. Read on as we explore the specifics of these initiatives and their possible effects on the industry.