- with readers working within the Oil & Gas industries
- within Compliance, Tax and Insurance topic(s)
INTRODUCTION
As we enter the new year, it is important to reflect on the major developments that shaped Nigeria's oil and gas industry in 2025. The sector continued to evolve under the framework of the Petroleum Industry Act (PIA), 2021 and the current administration's six policy directives: Presidential Directives 40 (Tax Incentives Order 2024), 41 (Local Content Compliance 2024) and 42 (Petroleum Sector Cost Reforms 2024), the Notice of Tax Incentives for Deep Offshore Production 2024, the Value Added Tax (VAT) Modification Order 2024, and the Upstream Petroleum Operations (Cost Efficiency Incentives) Order 2025. Together, these frameworks strengthened regulatory certainty and created a more stable and investment-ready environment. Against this backdrop, 2025 delivered meaningful progress across regulatory reforms, major project development, and operational activities.
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