1

Nigeria’s oil and gas sector is entering a defining new chapter, marked by bold policy reforms and renewed investor commitments.

In May 2025, President Bola Tinubu signed the Upstream Petroleum Operations (Cost Ef­ficiency Incentives) Order, 2025, introducing tax credits of up to 20 percent for operators who achieve cost-efficiency targets.

The reform is designed to en­hance competitiveness, encour­age capital inflows, and deepen local participation across the en­ergy value chain.

Recent remarks from Olu Ver­heijen, Special Adviser on Energy to President Tinubu, further un­derscored growing confidence in the sector.

She noted that the administra­tion’s sweeping reforms — rang­ing from revised fiscal terms and accelerated contract approvals to clarified local content rules and power sector overhauls to strengthen gas-to-power viabil­ity — have shifted Nigeria from “appeals for support” to “an in­vestment destination by design.”

Energy industry players have welcomed this transition as a signal of a more predictable and investor-friendly environment.

Themed “Securing Invest­ments, Strengthening Local Content, and Scaling Energy Pro­duction,” the 14th edition of the Practical Nigerian Content (PNC) Forum will convene senior gov­ernment officials, regulators, in­dustry executives, financiers, and service providers to explore how these structural changes and en­abling policies can be harnessed to drive sustainable growth.

Taking place from 1–4 Decem­ber 2025 in Yenagoa, Bayelsa, the Forum will address three critical industry priorities: mobilising investment capital at the scale required for transformation, en­suring that the benefits of these investments are retained within Nigeria’s economy, and expand­ing energy production in ways that create lasting employment opportunities, enable meaning­ful technology transfer, and build indigenous industrial capabili­ties that can compete in global markets.

For more than 13 years, the PNC Forum has served as the leading platform for practical en­gagement on Nigerian Content development. It has consistently attracted ministers, CEOs, poli­cymakers, and industry experts to align strategies, showcase progress, and define actionable solutions for Nigeria’s evolving energy landscape.

Wemimo Oyelana, Portfolio Director – Africa and Country Director – Nigeria at dmg events, whilespeaking onthesignificance of this year’s edition, said: “The industry is undergoing an unprec­edented transformation. Indige­nous companies are assuming increased operational responsibil­ities, while government policies prioritising local participation and gas development are reshap­ing the investment landscape. PNC 2025 will provide a critical platform to explore practical strat­egies for securing investment, strengthening local capacity, and ensuring Nigeria remains at the centre of value creation in its en­ergy sector.”