To revitalise Nigeria’s oil and gas sector, President Bola Tinubu on Wednesday signed executive orders aimed at attracting investments, optimising resources, and diversifying the nation’s economy.
Nigeria, as Africa’s largest oil producer, has long sought to leverage its vast oil and gas resources for economic development. However, challenges such as bureaucratic bottlenecks, contracting delays, and low local participation have hindered the sector’s full potential.
According to a statement by Special Adviser on Media and Publicity to the president, Ajuri Ngelale, the policy directives were crafted after extensive consultations and benchmarking with global best practices, and are designed to enhance the investment climate, positioning Nigeria as the top choice for oil and gas investments in Africa.
