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President Tinubu Smiles As Shell and Partners Invest $5bn in Nigeria’s DeepWater
The Bonga North FID dispels the misconceptions about International Oil Companies leaving Nigeria

President Bola Ahmed Tinubu welcomes Shell and its partners’ announcement today of the Final Investment Decision (FID) on the Bonga North Deep Offshore Field.
Also, barring any last-minute changes, President Bola Tinubu will today preside over what is expected to be the final Federal Executive Council meeting for 2024, ahead of his budget presentation at the National Assembly on Tuesday. Bayo Onanuga, the Special Adviser to the President, (Information & Strategy), said this morning in a State House press release.
It reads: ” This landmark development, Nigeria’s first deepwater oil project in over a decade, underscores the transformative impact of the President’s policies and reforms in attracting investments in the oil and gas sector.
The Bonga North oilfield, located 130 kilometres offshore in Oil Mining Lease (OML) 118, represents an impressive estimated $5 billion investment and is expected to yield approximately 350 million barrels of crude oil.
Shell holds the largest operational interest, with 55%. Its other partners are the Nigerian National Petroleum Corporation (NNPC), ExxonMobil, TotalEnergies, and Eni.
The FID signals renewed confidence in Nigeria’s energy sector and demonstrates the effectiveness of the Tinubu administration’s strategic focus on engendering a robust and competitive investment climate.
President Tinubu remarked: “The Renewed Hope Agenda fundamentally focuses on attracting investments to transform the Nigerian economy and deliver prosperity to our people.
We designed our policies and reforms from the start of my administration to achieve this goal. Shell and its partners’ decision to invest in Bonga North affirms the success of our efforts. We will continue to offer the necessary support to ensure their success and the realisation of Nigeria’s energy potential.
“President Tinubu’s strategic engagement with global energy stakeholders has been instrumental in this renewed wave of investments.
In July 2023, at the first of several high-level meetings with Shell’s global leadership, President Tinubu declared, “We are open for business and serious about creating a stable, predictable, and investor-friendly environment.
” Presidential Directives issued in early 2024 reinforced this commitment by fast-tracking regulatory approvals, reducing operational costs, and introducing competitive fiscal incentives.
The Bonga North project is the second of the blueprint projects President Bola Ahmed Tinubu selected to drive the implementation of the transformative Presidential Directives 40, 41, and 42 issued in the first quarter of 2024.
These directives, aimed at enhancing regulatory clarity, accelerating project timelines, and incentivising investment in Nigeria’s energy sector, have yielded remarkable results.
Earlier this year, the Ubeta oilfield (OML 58), the first blueprint project under this initiative, achieved a Final Investment Decision (FID) through a partnership between TotalEnergies and NNPC Limited.
Dormant since its discovery in 1965, the Ubeta project will produce 350 million standard cubic feet of gas per day, bolstering domestic supply and expanding Nigeria’s presence in the global energy market.
With both blueprint projects now achieving FID, the success of these initiatives underscores the effectiveness of the President’s strategic vision for Nigeria’s energy future.
Ms Olu Arowolo Verheijen, Special Adviser to the President on Energy, commented on the Bonga North milestone:
“The Bonga North FID dispels the misconceptions about International Oil Companies leaving Nigeria.
Instead, we are witnessing a strategic pivot of IOCs-powered capital and technical capacity to deepwater and integrated gas projects, which align with President Tinubu’s vision of transforming Nigeria into a global energy hub.
The divestments from onshore operations create opportunities for local oil and gas companies to expand and thrive, building a strong foundation for Nigeria’s energy future.
” Ms Verheijen further noted: “The success of Bonga North and Ubeta demonstrates the efficacy of the reforms and directives championed by the President.
These projects will trigger broader investments to revolutionise Nigeria’s power generation, transportation, and manufacturing sectors.
As we look ahead to 2025, we anticipate further FIDs from international and domestic players, marking a new era of growth and opportunity for Nigeria.
” The Tinubu administration remains steadfast in positioning Nigeria as a global leader in energy innovation and investment, ensuring that these efforts translate into tangible benefits for all Nigerians.
News
Anambra Govt Debunks Video of Soludo’s Reelection Visit to Native Doctor

The Anambra State Government has debunked the misinformation, malicious and deliberately fabricated online publication and social media comments in the video of the recently arrested Native doctor in the state.
In a press statement signed by Christian Aburime, the state Press Secretary to the Governor on June 4, 2025, the State Government debunked the allegations that the Governor of Anambra State, Professor Chukwuma Charles Soludo, CFR, consulted a native doctor regarding his reelection prospects, stressing that the information is totally false.
The statement reads: The attention of Anambra State Government has been drawn to a malicious and deliberately fabricated online publication and social media comments making spurious claims that the Governor of Anambra State, Professor Chukwuma Charles Soludo, CFR, consulted a native doctor regarding his reelection prospects.
The State Government hereby debunks the allegations as totally false. For the interest of the general public, the video clip being maliciously circulated and misrepresented, as evidence of native doctor consultation, was taken during a recent official government meeting with Anambra-based content creators.
The session, facilitated by the Special Senior Assistant to the Governor on New Media, Mazi Ejimofor Opara, was organised to strengthen the partnership between the State Government and the creative industry as part of Governor Soludo’s commitment in encouraging and supporting Anambra’s creative economy.
During the interactive session, content creators were encouraged to showcase their talents, ask questions, and share their concerns about the creative industry in the state.
As part of the presentations, one of the content creators performed a native doctor skit, a common comic genre in Nigerian entertainment, to demonstrate their creative abilities to the Governor and other officials present.
This was purely an entertainment performance by a content creator, not a consultation session. The State Government thus found it deeply disappointing that critics and political opponents would stoop so low as to deliberately fabricate malicious narratives from an innocent entertainment performance and spread misinformation to mislead the public.
Rather than engage in frivolous consultations, Governor Soludo has consistently demonstrated his commitment to developing Anambra’s creative economy through investment plans as part of the state’s economic diversification strategy.
The recently commissioned SOLUTION FUN CITY project is part of such investment plans.
The State Government also clarified that Governor Soludo does not need consultations with any native doctor to win reelection, as he relies solely on the support of Ndi Anambra based on his impressive performance and focus on delivering the SOLUTION AGENDA by transforming Anambra State into a livable and prosperous homeland.
Therefore, the Anambra State Government calls on Ndi Anambra, media channels and social media users to disregard the misinformation concerning the circulated video clip.
The public is also urged to always verify information before sharing or amplifying content and reject malicious stories sponsored to mislead the public.
As always, Governor Soludo remains committed to the development of Anambra State and will not be deterred by the antics of desperate political opponents who have chosen the path of falsehood over constructive engagement.
News
Tinubu hosts Gov Adeleke, Davido at Lagos residence (Photos)

President Bola Ahmed Tinubu welcomed Osun State Governor, Senator Ademola Adeleke, to his Lagos residence for a private meeting on Monday.

Accompanying the governor was his elder brother and renowned businessman, Chief Adedeji Adeleke, along with his son, internationally acclaimed Afrobeats artiste David Adeleke, widely known by his stage name, Davido.
The visit was announced in a post by President Tinubu’s Special Assistant on Social Media, Dada Olusegun, who shared details on X on Tuesday.

“President Bola Ahmed Tinubu receives in audience H.E. Ademola Adeleke, the Executive Governor of Osun State, along with Chief Adedeji Adeleke and his son, Afrobeats icon Davido, at his Lagos residence,” Olusegun wrote.
As of the time of filing this report, the reason for the courtesy call had not been made public, and no official statement has been issued either by the Presidency or the Adeleke family.

Images from the visit have surfaced on social media, capturing moments from the closed-door meeting between the President and the Adeleke family members.

News
Nigeria should fence its borders for security, says defence chief
Nigeria shares borders with four countries: Niger Republic, Cameroon, Benin, and Chad. All of these neighbouring countries are currently dealing with different levels of insecurity and conflict.

Christopher Musa, Nigeria’s chief of defence staff, has called for the country to build fences along its borders to improve national security.
Speaking at a security conference in Abuja on Tuesday, Musa stressed the need for better control of Nigeria’s borders.
He pointed out that other countries like Pakistan and Saudi Arabia have had to fence their borders with Afghanistan and Iraq because of security problems.
Musa said Nigeria needs to fully secure and control its borders, explaining that the country’s wealth and natural resources are attracting insurgents and criminals.
“It is Nigeria that everybody is interested in. That is why we need to secure fully and take control of our borders. It is critical for our survival and sovereignty.”
Nigeria shares borders with four countries: Niger Republic, Cameroon, Benin, and Chad. All of these neighbouring countries are currently dealing with different levels of insecurity and conflict.
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