After $5bn Bonga North FID, FG Eyes $2bn New Investments in Oil Sector by End of Q1, 2025

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*Says Nigeria’s wealthiest among 25% enjoying huge tariff underpayments 


Emmanuel Addeh in Abuja


The federal government at the weekend remained upbeat about the fresh upward trajectory of the country’s oil and gas sector, disclosing that an additional $2 billion in new investments would be expected by the end of the first quarter of 2025, a few months after Shell commenced development of the $5 billion Bonga North deepwater project.

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