Oil Majors To Advance Nigeria’s Energy Sector With $55bn Investment

📆 9/24/2023 10:54 AM
📰 LeadershipNGA

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Key operating International Oil Companies (IOCs), in Nigeria are considering investing over $55 billion in various oil and gas activities up to 2030 in a

The indigenous oil firms in the deal include Seplat, Heirs Holdings, Waltersmith, First E&P, among others.

“We are faced with a revenue crisis which is impacting all Nigerians. To urgently address this, President Bola Tinubu is actively seeking ways to grow revenue and forex to stabilize our economy and currency, and the oil and gas sector remains critical to our ability to do so despite current production levels falling significantly short of our potential,” Verheijen said.

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