Cape Town: Nigeria is set to present its recent Executive Order reforms and highlight investment opportunities during the African Energy Week (AEW) 2025. The event, sponsored by the Nigerian Content Development and Monitoring Board (NCDMB), will take place from September 29 to October 3. Senior policymakers and industry leaders will discuss how these reforms are influencing the investment landscape and explore opportunities across the upstream, midstream, and downstream value chains.
According to African Press Organization, notable speakers at the event will include Olu Verheijen, Special Advisor to the President of Nigeria on Energy; Arthur Ename, Vice President of Business Development, Africa, at NOV; Nosa Omorodion, Country Director at SLB Nigeria; Alex Irune, Executive Director of Oando and Managing Director of Oando Energy Resources; a senior representative from ExxonMobil; and Philip Mshelbila, Managing Director and CEO of Nigeria LNG (NLNG). The roundtable aims to provide high-level insights into the regulatory reset underway and its implications for investors interested in entering or expanding in the Nigerian market.
The Executive Order, signed in April 2025, aims at enhancing cost efficiency and fiscal competitiveness in upstream operations. It introduces performance-based tax credits for oil and gas companies that achieve verifiable reductions in project costs. Companies meeting the annual cost-reduction benchmarks set by the Nigerian Upstream Petroleum Regulatory Commission can retain 50% of the incremental government revenue generated through their efficiency gains, with total credits capped at 20% of their annual tax liability.
The private sector is expected to play a crucial role in this new phase. Companies such as SLB and NOV are aligning their strategies with the government’s initiatives for localization, efficiency, and innovation. Meanwhile, firms like Oando are expanding their portfolios to adapt to the new realities in the post-Petroleum Industry Act landscape. With improved policy stability and a focus on sector transformation, Nigeria is reasserting its position as one of Africa’s key hydrocarbon hubs.