Stella Dimoko Korkus.com: President Tinubu Approves Landmark Deep Offshore Investment Framework To Unlock US$50 Billion In New Investment

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Tuesday, August 11, 2026

President Tinubu Approves Landmark Deep Offshore Investment Framework To Unlock US$50 Billion In New Investment

President Bola Ahmed Tinubu has approved a landmark reform that replaces project-by-project negotiations with a transparent investment framework designed to unlock up to US$50 billion in deep offshore investment and restart Nigeria’s stalled offshore developments.


The new framework, introduced through the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order 2026, sets clear eligibility criteria and implementation processes to attract global investors while safeguarding national value. It begins with the US$10 billion Bonga South West project and empowers NNPC Limited to amend eligible Production Sharing Contracts.

Presidential adviser on oil and gas, Olu Arowolo-Verheijen, said qualifying projects will maximise execution within Nigeria to boost local engineering, fabrication, logistics, and job creation.

President Tinubu commended all ministries and agencies involved, saying:
“The countries that attract long-term investment are not necessarily those with the greatest natural resources but those that provide the greatest certainty. This reform reflects our determination to build an investment environment defined by clear rules, strong institutions, and enduring partnerships.”
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6 comments:

  1. Anonymous11 August 2026 at 20:21

    Finally!!

    Excellent Mr President.

    ReplyDelete
  2. Anonymous11 August 2026 at 20:53

    When you have a real leader that understands global business, not the trader from Bangladesh

    ReplyDelete
  3. Anonymous11 August 2026 at 22:14

    Good initiative though. But put more efforts to tackle insecurity

    ReplyDelete
    Replies
    1. Anonymous12 August 2026 at 04:39

      Ask your governors..they are the ones responsible for your security..

      Delete
  4. Anonymous12 August 2026 at 15:19

    Announcement is one thing. Implementation is another. We wait to see the execution


    Zendaya

    ReplyDelete

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