Nigeria’s Oil Rig Count Rises by 22% After Tinubu’s Executive Orders

By Diafa Doubra,

Nigeria’s oil and gas sector has recorded a significant boost following recent executive orders by President Bola Tinubu aimed at revitalizing the industry. According to the latest data, the country’s operational oil rigs increased by 22% in just a few months a promising sign for both production capacity and investor confidence.

The executive orders, signed earlier this year, targeted bureaucratic bottlenecks, improved licensing processes, and offered incentives to encourage investment in the upstream sector. Industry analysts believe these reforms have started to pay off, with exploration and drilling activities picking up across key oil-producing regions.

Oil experts see this growth as a potential turning point for Nigeria, whose crude production has struggled in recent years due to pipeline vandalism, regulatory challenges, and investor apathy. The increased rig activity is expected to drive up output, boost foreign exchange earnings, and support the government’s economic recovery agenda.

While the gains are encouraging, stakeholders warn that sustained progress will require consistent policy implementation and improved security in the Niger Delta region, where most of the country’s oil reserves are located.