HomeBusinessTinubu Don Approve Shell $5bn Bonga Project Incentives

Tinubu Don Approve Shell $5bn Bonga Project Incentives

Nigeria wey dey shine for oil matter, this one na big gist o! President Bola Tinubu don put hand for Shell $5 billion Bonga South-West oil project wey don dey waka slow since 10 years! E no be small thing o, as dem dey talk say dis project fit produce 150,000 barrels of oil per day. Omo, na real money e be o!

As Tinubu receive Shell CEO Wael Sawan for Abuja, e talk say dem go give some targeted incentives to make the project start de move, say no more wahala on top fiscal issues. E don tell im adviser on energy, Olu Verheijen, say make e push the incentives to make sure everything gree well under the law!

Bonga South-West dey waka 120 kilometers from shore and e deep reach 1,000 meters. Na im be say since long time, Shell and Nigeria government no fit agree on how everything go go concerning money matter. But now, e be like say Tinubu don unlock the door for dem to carry go! We dey watch as wetin go happen next.

He also yan say these incentives no be free for all, but na targeted one wey fit bring new cash come, create jobs and make sure say local people dey work inside the project. No be as dem dey see am like that o! Na serious business wey go bring work for people wey dey look for jobs!

Tinubu don also talk say this project go sweet Nigeria economy well-well. No be small, as e fit bring serious foreign exchange and job opportunities come for our guys. E emphasize say Shell don already pour another $7 billion inside our land within the last 13 months, and na good sign be dat!

Shell CEO, Wael Sawan, come confirm say Nigeria don dey improve for investment matter since Tinubu land for office. E dey show say dem dey ready to carry invest in Nigeria long-term. Bonga field na the first deep-water development wey Shell don start since 2005, and now dem dey plan to upscale am! Abeg, make we dey watch as the story dey unfold!


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