President Tinubu Approves Investment Plans with Shell for Nigerian Oil Project

President Tinubu held a meeting with Shell officials to discuss investment opportunities in the Bonga South West deep offshore oil project in Nigeria. The President approved the gazetting of targets and incentives to support the project within Nigeria's legal and fiscal framework.

The project aims to boost Nigeria's economy, create jobs, and attract foreign exchange inflow. Shell has shown confidence in Nigeria's investment climate, having invested nearly $7 billion in the country over the past 13 months.