US EditionNigeria: NNPC Boss Speaks On Shell's Proposed $20bn Bonga Sw Project
- On Thursday, President Bola Tinubu approved the gazetting of targeted, investment-linked incentives to support the Bonga South West deep-offshore project, and Shell has commenced discussions toward a Final Investment Decision with capital expenditure near $10 billion, NNPC said.
- NNPC Group Chief Executive Bayo Ojulari said the targeted, investment-linked incentives are disciplined, globally competitive, and designed to attract new capital without undermining revenues, reflecting investor confidence in President Bola Tinubu's transparency agenda.
- Mr Ojulari said the Bonga South West project would revive Nigeria's fabrication yards and create jobs, with employment spanning 20 to 30 years and sustained demand for the Nigerian workforce and supply-chain services.
- Tinubu mandated his Special Adviser on Energy, Mrs Olu Verheijen, to facilitate gazetting, and NNPC Ltd expects Bonga South West to reach Final Investment Decision within this administration's first term.
- The development positions Nigeria as a critical test case for attracting offshore investments, with Shell citing improved stability and policy under President Bola Tinubu, according to Mr Ojulari and Mr Sawan.
33 Articles
33 Articles
Africa Intelligence Brief — January 23, 2026
Today’s Africa risk story is not one headline. It is a set of pressure points. Oil investment incentives, credit-rating fights, and election crackdowns sit beside factory exits and border controls. Investors should read these as signals about rule stability and deal velocity. 1. Nigeria — Tinubu approves tailored incentives for Shell’s Bonga South West deepwater […]
Governor Abiodun announces Tinubu's approval for oil drilling in Ogun, Olokola Deep Seaport kick-off
The development is expected to put Ogun on the list of Nigeria's oil-producing states. The post Governor Abiodun announces Tinubu’s approval for oil drilling in Ogun, Olokola Deep Seaport kick-off appeared first on Premium Times Nigeria.
Daily Post Nigeria
Newsacross.comTinubu approves oil drilling at Ogun waterside, Olokola deep seaport to take off
Ogun State’s long-standing aspiration to become an oil-producing state is set to materialise following the approval by President Bola Ahmed Tinubu for the
Shell, partners assess $20-billion investment in Nigeria deepwater field
(World Oil) – Shell Plc and its partners in Nigeria are exploring how to develop a big oil field in the West African nation, a step that could one day see them invest $20 billion in the project, the oil major’s Chief Executive Officer said. “We are indeed working on a project, Bonga South West, that could potentially, if we get to an FID stage, with the partners, invest around $20 billion foreign direct investment,” Shell Chief Executive Office
The Conditions Behind Shell’s Potential $20bn Nigeria Investment
Shell Plc and its partners in Nigeria are working through plans to develop Bonga South West, a deepwater oil project that could translate into as much as $20 billion in investment if the venture reaches a final investment decision (FID), according to comments by Shell’s Chief Executive Officer, Wael Sawan. Here are five essential facts … The post The Conditions Behind Shell’s Potential $20bn Nigeria Investment appeared first on Business Elites A…
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
