Tinubu Okays Fresh Deep Offshore Framework to Unlock $50bn Investment Order grants $3-$4.50/bbl standard tax credit, plus $1/bbl for future leases Incentives available to greenfield projects reaching FID by 2029 Tax credits aimed at accelerating investments in oil sector
Deji Elumoye and Emmanuel Addeh in Abuja
President Bola Tinubu has approved a landmark reform that replaces project-by-project negotiations
with a transparent investment framework designed to unlock up to $50 billion in deep offshore
investment and restart Nigeria’s large, capital-intensive offshore developments that have remained
stalled for decades. According to a statement issued yesterday by presidential spokes-
person, Bayo Onanuga, the reform Continued on page 8
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Oil Touches $90 as Iran Insists Hormuz Stays Closed... Page 5
At Arise Town Hall, Adeleke, Oyebamiji, Salaam Unveil Plans for Osun State Gov: I fixed roads neglected for 45 years, recruited over 1,500 Amotekun staff APC’s Oyebamiji pledges to revamp agriculture, education, health ADC candidate to restore Awolowo’s legacy, provide 20,000 youth jobs in 100 days Story on page 8
The incumbent, Governor Ademola Adeleke, Accord Party There are some roads that I visited that have been abandoned for more than 45 years, some 35 years, I said it’s not acceptable. I fixed them, and I promised that Osun State money will stay in Osun, and it’s been happening… In our family, we are jolly good fellows. We have music in our blood, and I tell you what: nobody, I repeat, nobody will stop me from dancing. As I’m dancing, I’m working
Bola Oyebamiji, APC I want to invest seriously in agriculture, education, and health. Apart from that, our human assets are very important to us. I’m going to invest in human assets. We are going to look at their welfare. We are going to increase their welfare. Training is very important. Capital development is very important
Dr Najeem Salaam, ADC Education from primary to secondary school for our children will be free, and we will also ensure that we have a committee that will review tuition fees in our higher institutions with a plan to bring it down. Children from age 1 to 18 will have access to free medical treatment in a well-equipped government hospital. Our pregnant women will have free treatment. Our elders and widows will be taken care of.
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