The partnership between NASENI and Portland is a clear example of how the private sector plays a vital role in driving our nation’s economic growth and development. As a government, our role is to act as a catalyst, unlocking private sector expertise and capital to deliver meaningful results for the Nigerian people.

On June 17, 2025, the outgoing Country Chair of Shell Companies in Nigeria, Osagie Okunbor and his successor, Marno de Jong, led a delegation from Shell to pay a courtesy visit on the Special Adviser to the President on Energy, Mrs Olu Arowolo Verheijen.

President Bola Ahmed Tinubu has issued a new Executive Order designed to lower project costs, attract investment, and enhance revenues from oil and gas operations. The Upstream Petroleum Operations Cost Efficiency Incentives Order (2025) introduces performance-based tax incentives for upstream operators who deliver verifiable cost savings that meet defined industry benchmarks.