President Bola Ahmed Tinubu has established a presidential task force to accelerate reforms in **Nigeria’s petroleum sector and optimise the value of the nation’s energy resources.
The initiative is part of the administration’s broader strategy to strengthen governance in the oil and gas industry while boosting production, foreign exchange earnings and the sector’s contribution to national economic growth.
According to a statement released on March 13, 2026, the task force will focus on the National Energy Transformation Strategy, a ten-year roadmap designed to set measurable targets for production growth, cost competitiveness and increased contribution to Gross Domestic Product (GDP).
President Tinubu directed all ministries, departments and agencies, regulators and other relevant institutions to provide full technical support to the task force and submit inventories of ongoing initiatives to ensure alignment with the emerging reform framework.
The President also ordered that existing committees, teams and working groups established under previous reform initiatives in the petroleum sector align their activities, reporting structures and programmes with the newly created task force.
The move is expected to improve coordination across government institutions, eliminate duplication of responsibilities and provide institutional clarity within the petroleum sector reform architecture.
The presidency noted that all relevant documentation, institutional knowledge and ongoing workstreams will be made available to the task force to support the development and implementation of a comprehensive reform framework.
It added that the task force will serve as a strategic presidential instrument to accelerate petroleum sector reforms, strengthen governance architecture, optimise national energy assets and position Nigeria’s petroleum resources as a foundation for sustainable economic transformation.
The task force will automatically dissolve after submitting its final report and once the recommendations are accepted.
