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PRESIDENT TINUBU APPROVES LANDMARK DEEP OFFSHORE INVESTMENT FRAMEWORK TO UNLOCK UP TO 50 BILLION DOLLARS

August 12, 2026 at 10:34 AM

President Bola Ahmed Tinubu has approved a landmark investment framework aimed at unlocking up to 50 billion dollars in new deep offshore investment and reviving major offshore developments that have remained stalled for decades. A statement by the special adviser to the president, information and strategy, Bayo Onanuga, says the reform replaces project-by-project...

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