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Tinubu establishes presidential taskforce to design new reforms in petroleum sector

The Taskforce aims to unlock $5-10 billion in liquidity and produce detailed reform blueprints to strengthen governance and position Nigeria as a global energy investment hub.

  • On March 13, 2026, President Tinubu approved a Presidential Petroleum Reform and Value Optimisation Taskforce, announced by a presidential spokesperson.
  • A presidency statement said the Taskforce is a time-bound, high-level body tasked with producing reform blueprints to consolidate reforms and unlock Nigeria's petroleum sector capital, aimed at strengthening energy investment.
  • The Taskforce must produce an Implementation Toolkit for Immediate Structural Fixes, a Capital & Liquidity Acceleration Blueprint , and a ten-year National Energy Transformation Strategy, according to President Tinubu's directive.
  • The President directed all MDAs to make documentation available and committees to align activities, with the Taskforce reporting monthly and dissolving after its final report is accepted.
  • The Taskforce will operate as a technical reform body, with an interim report due after three months and final outputs in six months, before dissolving upon report acceptance.
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tvcnews.tv broke the news in on Friday, March 13, 2026.
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