FG offers Shell $11.50 per barrel tax credit to unlock $20bn Bonga Deepwater project

Udeme Akpan with Agency Report The Federal Government has approved an enhanced production-linked tax credit of $11.50 per barrel for Shell Plc and its partners in a move aimed at unlocking the long-delayed Bonga Southwest Aparo deepwater oil project, a development expected to attract about $20 billion in foreign direct investment (FDI) into Nigeria. The…