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Nigeria Unlocks $50 Bln Investment Framework to Support Offshore Development: Presidency

Nigeria Unlocks $50 Bln Investment Framework to Support Offshore Development: Presidency

Sputnik Africa

Nigeria Unlocks $50 Bln Investment Framework to Support Offshore Development: Presidency Replacing individual negotiations with transparent rules, the... 12.08.2026, Sputnik Africa

2026-08-12T14:10+0200

2026-08-12T14:10+0200

2026-08-12T14:24+0200

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Nigeria Unlocks $50 Bln Investment Framework to Support Offshore Development: Presidency Replacing individual negotiations with transparent rules, the framework is expected to help revive stalled megaprojects, starting with the $10 billion Bonga South West project, according to a statement from the Nigerian presidency.An appropriate reform was approved by President Bola Tinubu, the statement noted. Key ObjectivesThe framework focuses on creating skilled jobs and deepening local supply chains across the country."This reform reflects our determination to build an investment environment defined by clear rules, strong institutions and enduring partnerships," President Tinubu emphasized.Subscribe to @sputnik_africa Sputnik Africa | X

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