Deep offshore incentive order will accelerate investment, production growth — NNPC

NNPC said the new order establishes a transparent, predictable, and globally competitive fiscal framework for qualifying greenfield deep offshore developments.

[Premium Times] President Bola Tinubu has approved a new tax incentive framework for deep offshore oil and gas projects, designed to attract up to $50 billion in fresh investment, accelerate stalled developments and increase Nigeria's crude oil production.

President Tinubu has approved a new framework to attract $50bn in deep offshore investment, replacing project-by-project negotiations with clear rules.