President Bola Tinubu has approved a new deepwater oil and gas investment framework targeting up to $50 billion, with Shell’s $10 billion Bonga South West project among its first major tests

Tinubu Okays Landmark Deep Offshore Investment Framework To Unlock $50bn In New Investment

President Tinubu has approved a new framework to attract $50bn in deep offshore investment, replacing project-by-project negotiations with clear rules.