STATEMENT BY H.E. BOLA AHMED TINUBU, GCFR PRESIDENT AND COMMANDER-IN-CHIEF OF THE FEDERAL REPUBLIC OF NIGERIA, AT THE GENERAL DEBATE OF THE EIGHTY-FIRST SESSION OF THE UNITED NATIONS GENERAL ASSEMBLY ON THE THEME: “RESTORING TRUST, MANAGING TRANSFORMATION: A UNITED NATIONS THAT DELIVERS FOR ALL.”
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Vice President, Kashim Shettima, has engaged with Nigerians in Diaspora in New York on the sidelines of the 81st United Nations General Assembly.
The engagement focused on diaspora participation in national development, investment, skills transfer and the role of Nigerians abroad in advancing the country’s economic and diplomatic interests.
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Vice President, Kashim Shettima on Tuesday, represented President Bola Tinubu at the Opening Session of the 81st United Nations General Assembly Debate.
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The decisions we have taken to reposition Nigeria’s oil and gas sector are beginning to bear fruit.
Since assuming office, I have signed a series of Presidential Directives and Executive Orders to make investment in Nigeria more competitive, reduce the cost and time required to develop projects, provide greater certainty to investors and ensure that our natural resources deliver greater value to our people.
One of those reforms introduced specific incentives to unlock onshore and shallow-water gas projects that had remained undeveloped for years.
Today, we are seeing the result.
AMNI International and TotalEnergies have taken an $800 million Final Investment Decision to develop the Ima Gas Field, discovered in 1973 and left underground for more than fifty years.
For Nigerians, this means work for our engineers, technicians and contractors. It means opportunities for Nigerian businesses, jobs and economic activity in our host communities, and more export earnings for our country.
AMNI, a Nigerian company, holds the majority interest in the project. Around 60% of the development workforce is expected to come from the host communities.
Ima is expected to produce about 350 million cubic feet of gas every day at peak and supply about one-third of the gas required for the expansion of Nigeria LNG.
This is what our reforms are intended to achieve, to move Nigeria’s resources from potential to production and translate them into jobs, incomes and opportunity for our people.
We have more to unlock.
Bola Ahmed Tinubu, GCFR
President
Vice President, Kashim Shettima on Wednesday, represented President Bola Ahmed Tinubu at a high-level side event during the UN General Assembly.
The event, titled “A New Era for Education Financing,” focused on the efforts of the Global Partnership for Education (GPE).
Yesterday’s event comes just before the Vice President, presents President Bola Ahmed Tinubu’s National Statement today when Nigeria takes its turn at the General Debate.
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