President Bola Tinubu has signed three executive orders to help improve investment in the oil and gas sector.

In a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, this is in line with the President’s efforts to remove obstacles to investments in Nigeria, and harness the nation’s resources for the benefit of all Nigerians.

The orders are to introduce fiscal incentives for oil & gas projects, reduce contracting costs and timelines, and promote cost efficiency in local content requirements.

Ajuri said the details of the Policy Directives will be gazetted and communicated by the Federal Ministry of Information and National Orientation.