Tinubu approves production tax credit to unlock Shell’s $20bn deepwater project

PRESIDENT Bola Tinubu has authorised a targeted production tax credit aimed at accelerating the final investment decision (FID) for the Bonga Southwest Aparo (BSWA) deepwater oil project. In a statement released on Tuesday, Spokesperson for Nigerian National Petroleum Company Limited (NNPCL), Mr Andy Odeh, said the planned investment marks a significant step in Nigeria’s effort […]