Resources
2024 Energy Sector Wrap-up Report.
The 2024 Energy Sector Wrap Up Report details the landmark achievements and milestones in Nigeria’s energy sector under the visionary leadership of President Bola Ahmed Tinubu and sets the stage for continued progress in the year ahead.
Download the reportPolicy directives
Articles and Op-eds
Overview of the Value Added Tax (VAT) Modification Order, 2024 and the Notice of Tax Incentives for Deep Offshore Oil & Gas Production, 2024: Implications for Nigeria’s Oil and Gas Industry
Nigeria: VAT (Modification) Order, 2024 expands list of VAT-exempt goods and services
VAT Modification Order 2024 - Incentivising Energy Transition in Nigeria
The Notice of Tax Incentives on Deep Offshore Oil and Gas Production, 2024
Nigeria proposes new tax incentives to attract deepwater gas exploration investors
Notice of Tax Incentives on Deep Offshore Oil and Gas Production, 2024
New Energy Incentives: VAT Exclusion and Tax Reliefs on Key Oil and Gas Commodities
Highlights of the Notice of Tax Incentives on Deep Offshore Oil and Gas Production, 2024
Deep Offshore Production: 2024 Tax Incentives
Notice of Tax Incentives on Deep Offshore Oil and Gas Production, 2024
PRESIDENT TINUBU APPROVES TARGETED INCENTIVES TO UNLOCK JOBS, FX INFLOWS FROM SHELL’S BONGA SOUTHWEST PROJECT AND OTHER DEEP OFFSHORE PROJECTS
President Bola Ahmed Tinubu has approved the gazetting of targeted, investment-linked incentives to support the proposed Bonga South West deep-offshore oil project by Shell and its partners. The President also directed the Special Adviser to the President on Energy, Mrs. Olu Verheijen, to facilitate the gazette of the incentives in line with Nigeria’s existing legal and fiscal frameworks.
Federal Government of Nigeria Issues Debut Bond under Presidential Power Sector Debt Reduction Programme — 19 December 2025
The Office of the Special Adviser to the President on Energy welcomes the issuance of the first bond under the Presidential Power Sector Debt Reduction Programme. Issued by NBET Finance Company Plc, a Special Purpose Vehicle (“SPV”) of the Nigerian Bulk Electricity Trading (NBET) Plc, the ₦590 billion Series 1 Power Sector Bond is guaranteed by the full faith and credit of the Federal Government of Nigeria. CardinalStone Partners Limited is the Lead Financial Adviser and Lead Issuing House.
Keynote Address on ‘Streamlining Project Delivery for Improved Efficiency’, by Olu Arowolo Verheijen, Special Adviser to the President on Energy at Practical Nigerian Content (PNC) Forum, Nigerian Content Tower, Yenagoa, Bayelsa.
Across Africa, the energy landscape is shifting. Capital is more selective. Project economics face global competition. Investors are demanding speed, reliability, and clarity of execution. In this environment, local content is not a patriotic slogan—it is an industrial strategy. It must unlock value, reduce cost, shorten timelines, and boost national competitiveness. And above all, it must deliver projects at scale.