President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector (8649 Views)
| President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by abc115(op): 11:57am On May 30, 2025 |
PRESIDENT BOLA TINUBU ISSUES LANDMARK EXECUTIVE ORDER ON COST EFFICIENCY IN OIL & GAS SECTORhttps://www.energyreforms.ng/publications/putting-every-barrel-to-work-nigeria-s-new-presidential-directive-on-cost-efficiency-/ 11 Likes 2 Shares
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| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by abc115(op): 11:58am On May 30, 2025 |
Key provisions of the Order include: • Performance-Based Tax Incentives: Operators who achieve industry-standard cost reductions will qualify for defined tax reliefs. • Terrain-Specific Benchmarks: The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will annually publish cost benchmarks for onshore, shallow water, and deep offshore operations. • Credit Caps for Fiscal Discipline: Tax credits under the Order are capped at 20% of an operator’s annual tax liability, ensuring government revenues remain protected. Building on the Administration’s 2024 reforms—improved fiscal terms, accelerated contracting cycles, and globally aligned local content policies—the 2025 Executive Order moves the sector from reform intent to performance execution. 6 Likes 1 Share |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by rinzaugustine: 12:34pm On May 30, 2025 |
Do you need a sooth sayer to know this man has no plan for Nigeria even if you give him another 50 years? Today executive order , tomorrow to another thing, next tomorrow all his ministers will be singing discordant tunes from CBN governor on what the government is actually doing..,.just everywhere bolekaja confusion without any clear policy direction of where he is talking the country to 9 Likes 3 Shares |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by dontbothermuch: 1:40pm On May 30, 2025*. Modified: 1:59pm On May 30, 2025 |
Still a good one, cost efficiency incentives in form of tax incentives. I would say that this administration(nothing to do with it's party) is on the right track There are several aspects to look into What was the original debt as of 2023? What was the GDP then? We can then calculate the debt per GDP ratio How much was the oil price? What was the benchmark set for the budget? How much was government spending? Was the spending greater than the budget? What was the deficit? How much was the safe borrowing to compensate for deficit? What can be done to reduce government spending on non infrastructure & development? Yes, Subsidy Removal & others Where does the subsidy money goes? Payment of Debts with hanging interests. CMGs. The issue of crediting vulnerable Nigerians isn't yet sure of how many percent each home got according to the World bank & IMF. What can be done to generate more revenue & increase the GDP? Tax reform, Toll on Lagos/Calabar Coastal way. Diversification etc. (Power,security. etc for investors confidence) & which I commend this administration. The naira for crude for local refinery is the most difficult choice any administration could have done with such exchange rate to dollar. All the loans & frameworks are clear long term vision for positive developmental change that are achievable & sustainable through right future administrations. I would say the fiscal policies of this administration has a focus. It's young & it carries a subsidy Removal shockwave that created an inflation. But at the long run with or without an oil windfall, the fiscal stability will prevail & the country will put the worst & dark behind. I'm an Engineer, I'm not interested in Politics. But from a layman's view. I do think this very administration(nothing to do with it's party) is on the right track in trying to solve the many challenges facing the economy due to years of corruption, lack of focus, monoculture of oil export etc. 10 Likes 3 Shares |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Appletek: 1:40pm On May 30, 2025 |
rinzaugustine:Ayiri omo ayipob 11 Likes 1 Share
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| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by 9jatriot(m): 1:41pm On May 30, 2025 |
Thank God for Tinubu. He understands what leadership is not by attending burials, conjuring fake statistics fro thin air but instead taking hard decisions like a doctor knowing that the patient will appreciate you later after a successful operation. Those who pose for the camera are usually insecure people or people in the entertainment industry. For those who do not know, the average cost of producing a barrel of crude in Nigeria is higher than in most other countries of the world. That tends to reduce our profit on each barrel of crude we produce and sell. It is only when you know there is a problem that you can attempt to try to solve it, this EO is a first step towards solving that identified problem. It is these kinds of big decisions that make those countries we envy worthwhile, not by populist decision that eat up the future. 11 Likes 2 Shares |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Unkindness: 1:42pm On May 30, 2025 |
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| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Major7: 1:42pm On May 30, 2025 |
Every beginning has an end 2 Likes |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Abaki5: 1:44pm On May 30, 2025 |
Confusion everywhere 1 Like |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Sircharacter: 1:45pm On May 30, 2025 |
The president is actually trying to make the economy an enviable one where all sectors work but this refinery of a thing that got some people talking, I don't just understand. Are Port Harcourt and Warri refineries really working? Na question I ask ooo 4 Likes |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by ogododo: 1:46pm On May 30, 2025 |
Nawa ooo. Oil and gas don die for Naija. |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Antoeni(m): 1:51pm On May 30, 2025 |
Terrible President At it Again, He Should First Issue An Executive Order in Reduction of Cost Governance on His Rubber Stamp National Assembly & Executive, Judiciary 2 Likes |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Commentor: 1:51pm On May 30, 2025 |
rinzaugustine:Kwekwenu ooh! 1 Like
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| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by ebuk4real(m): 1:52pm On May 30, 2025 |
Everything APC is just propaganda. Nonsense government |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by ebuk4real(m): 1:52pm On May 30, 2025 |
All executive orders of this administration is just useless and no impact on those been governed. And the worst is that their e-warriors will be here saying rubbish like kiss the truth. Foolish people 2 Likes 3 Shares |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by FreeStuffsNG: 1:53pm On May 30, 2025 |
Awesome! Upstream is the new gold. Downstream is now a dying tribe 2 Likes 1 Share |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Zackattack: 1:55pm On May 30, 2025 |
My God!🤦🏻♀️ Can this president just keep quiet until he finishes his 8years🤷🏻♀️ At least no one can tell if a quiet person is senseless or not💁🏻♀️ 1 Like 1 Share |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by MaziObinnaokija: 2:01pm On May 30, 2025 |
... 1 Like |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by MaziObinnaokija: 2:04pm On May 30, 2025 |
1 Like |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by MaziObinnaokija: 2:06pm On May 30, 2025 |
 watch/pray.Pa EMILOKAN is ur President not the online Papa S.ebuk4real: 2 Likes |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by kokoA(m): 2:08pm On May 30, 2025 |
rinzaugustine:I am sure you don't even understand the what you read. 6 Likes |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Niok: 2:09pm On May 30, 2025 |
Executive order wey tinubu no fit read or assent to🤣🤣🤣😭 1 Like 1 Share |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Ijaya123: 2:12pm On May 30, 2025 |
Right step in the right direction. For the first time in a long time, Nigeria just go a president well prepared for the job. Emergency lovers of Nigeria will not be happy with this. In fact if you’re looking for the real enemy of Nigeria, look no further, they are the ones. Because how can you get upset and be sad when you hear positive news about your country and the president but get excited and happy when you hear negative news? 5 Likes |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by Switruth: 2:13pm On May 30, 2025 |
What's going on in this country? |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by okito: 2:18pm On May 30, 2025 |
PBAT is clearly a novice. This is my industry! You can't issue any order like this and it will work. There's a lot of complexity that will make nonsense of this order. |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by mymansirp: 2:20pm On May 30, 2025 |
Tinubu can never, over his dead body, allow fuel to be sold at a cheap price. Fuel is everywhere, with no scarcity, except for TPain's decision, which solely benefits him and enriches his company, Oando, operating as NNPC Limited. We all know there is no reason for fuel to be so expensive, aside from Tinubu |
| Re: President Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector by wonlasewonimi: 2:21pm On May 30, 2025 |
Is he trying to copy Trumptard with the executive order? |
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