President Bola Tinubu has approved a new tax incentive framework for deep offshore oil and gas projects, designed to attract up to $50 billion in fresh investment, accelerate stalled developments and increase Nigeria’s crude oil production.

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.