FG eyes $50bn from newly signed presidential oil and gas Executive Order

Nigerian Tribune | 24-08-2026 07:42am |

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that the newly signed Deep Offshore Oil and Gas Project Incentives (Tax Remission) Executive Order 2026 has the potential to attract up to $50 billion in investments. The order is part of the Federal Government's efforts to boost the oil and gas sector. The expected investments could significantly impact Nigeria's economy.

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