Tinubu Enacts Executive Orders for Reforming Oil and Gas Sector

President Bola Tinubu has given the go-ahead for three big changes in the oil and gas sector. These changes aim to make things easier for projects, cut down on costs, and focus on using local resources effectively. The decision came after a lot of talks and studies, as explained in a statement by the President’s Media Adviser, Ajuri Ngelale, on Wednesday.

The statement titled ‘President Tinubu signs executive orders on oil and gas reforms’ highlights Tinubu’s efforts to improve Nigeria’s oil and gas industry. Among the changes are giving incentives for certain projects, making the contracting process faster, and ensuring that using local resources doesn’t make projects too expensive.

The Presidency says these changes are part of Tinubu’s plan to attract more investments, use Nigeria’s resources well, and make the economy better for Nigerians. This move is a step forward in tackling problems in the oil and gas sector, which could lead to better efficiency, more investments, and a stronger energy industry in Nigeria.