Why Tinubu signed deep offshore incentives order – NNPCL boss, Ojulari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Bayo Ojulari, has explained wherefore President Bola Ahmed Tinubu signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order 2026.

In a connection done the NNPCL spokesperson, Andy Odey, on Thursday, Ojulari said the determination would nonstop a beardown awesome to planetary investors that Nigeria was committed to providing a unchangeable and competitory situation for heavy offshore developments.

According to him, the statesmanlike bid would supply fiscal certainty for heavy offshore investments successful the country.

He noted that the ninth statesmanlike bid of Tinubu’s medication aligned with the state-owned company’s mandate to support the accumulation basal and strengthened Nigeria’s pathway towards achieving its ambition of producing 3 cardinal barrels of lipid per time (MMbopd) by 2030.

“This is simply a transformative betterment that sends a beardown awesome to planetary investors that Nigeria is committed to providing a stable, competitory and investment-friendly situation for heavy of...