President Bola Ahmed Tinubu has approved a new set of targeted incentives to accelerate Shells Bonga South West deep-offshore oil project, as part of broader efforts to attract fresh investment, expand oil production, and strengthen foreign exchange earnings.
The decision was announced in a press statement issued by the Presidents Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the incentives designed within Nigerias existing legal and fiscal framework will be formally gazetted and applied to the Bonga South West project and other deep-offshore developments.
