NEWS: Tinubu Hails $5bn Shell Deepwater Investment As Historic Boost For Nigeria’s Energy Sector

Tinubu Hails $5bn Shell Deepwater Investment As Historic Boost For Nigeria’s Energy Sector

President Bola Tinubu has welcomed the announcement by Shell and its partners on Monday of the Final Investment Decision (FID) on the Bonga North Deep Offshore Field.

According to a statement by presidential spokesman, Bayo Onanuga, Tinubu said the landmark development, which is Nigeria’s first deepwater oil project in over a decade, underscored the transformative impact of his policies and reforms in attracting investments in the oil and gas sector.

The Bonga North Oilfield,…

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