$800m Ima gas FID shows Nigeria’s oil, gas reforms bearing fruit – Tinubu

Takes off after 53 years

By Adewale Sanyaolu
President Bola Ahmed Tinubu has said Nigeria’s oil and gas sector reforms are beginning to deliver results, following the $800 million Final Investment Decision (FID) taken by TotalEnergies and Nigerian independent oil company, AMNI International, to develop the long-delayed Ima Gas Field.
Tinubu said the investment demonstrated the impact of measures introduced by his administration to make Nigeria a more competitive destination for oil and gas investments, reduce the cost and time required to develop projects and provide greater certainty for investors.
The President, in a statement on the development, said the administration had in...