Nigeria Secures $2 Billion Shell Investment for New Gas Project in OML 144

Nigeria has secured a $2 billion investment from Shell plc for a new gas project in OML 144, marking a significant boost to its energy sector under President Bola Tinubus administration.

The federal government of Nigeria announced that Shell plc will invest approximately $2 billion in a new gas project located in the shallow offshore HI Field of OML 144.
This investment represents the second major gas initiative in Nigeria within two years, highlighting the countrys ongoing efforts to enhance its energy infrastructure.
Bayo Onanuga, Special Adviser to President Bola Tinubu, confirmed the investments significance for Nigerias economic growth and its potential to drive further developments in gas production.

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This investment from Shell plc is crucial for Nigeria as it reinforces the countrys strategic focus on expanding its gas production capabilities. It also reflects the governments commitment to attracting foreign investments, which are essential for economic recovery and growth.