Assuming the possibility of getting braver as I grow older, evolving in the era of advanced #tech, and curious about #AI for a safer human existence. #Nigerian
@SpecialTeeCrea8@Olatoun_ Your Master, who passed through primary and secondary school, what are his achievements? 🤔, all these yibo boys...we go pursue you enter gutter this time around.
@theophilusiorg1@Olatoun_ Mister Odenson, who are the average Nigerians, or the masses, you always speak loud about, as if you and I are not part of the average Nigerians, it looks like your average Nigerians are in Pluto, this Obi yii shaa, you careless of what he can deliver, just for him to be there🤔
Tinubus boy!!!😂😂
This LASU boy did his graduation photo shoot with a picture of Tinubu and Tinubu cap😂
Tinubu doesn’t know what he achieved with NELFUND😂
Fellow Nigerians,
When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children.
Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did.
I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele @taiwoyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains.
You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country.
This is your government.
This is your country.
This is our account to you.
Watch The Reforms Scorecard livestream here: https://t.co/q4Bun9o0sr
Dear Nigerians,
For many years, Nigeria has possessed some of the most promising deep offshore oil and gas resources in the world, yet several major developments have remained stalled. Oil lies beneath our waters. We have the engineers, businesses and young people capable of doing increasingly sophisticated work in the sector. What has often been missing is the certainty required for investors to commit billions of dollars, over many years, at the scale needed to turn that potential into production, jobs and opportunity for Nigerians.
We cannot afford to leave that opportunity beneath our waters for another decade.
I have therefore signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, to provide clear and predictable terms for a new generation of deep offshore investment in Nigeria.
The framework has the potential to unlock up to $50 billion in investment, beginning with the approximately $10 billion Bonga South West project. For existing deep offshore leases, there is a clear window to reach Final Investment Decision by 31 December 2029 and receive the full standard incentive available under the Order.
There is urgency to this work. Capital moves, and countries compete for it every day. The countries that attract long-term investment are not necessarily those with the greatest natural resources. They are the ones that provide the greatest certainty.
Nigeria must be one of those countries.
This Order marks the tenth major policy directive of my administration targeted specifically at the oil and gas sector. Each has dealt with a constraint holding back investment, production or value creation. Taken together, they represent a deliberate effort to make our oil and gas industry more competitive, attract capital back to Nigeria and ensure that more of the value created from our resources remains here at home.
But attracting investment is only half of my purpose.
I want the work that comes with these projects to come home to Nigeria. I want our engineers involved, our fabrication yards working, our marine and technical service companies securing contracts, and our young people acquiring skills that will remain valuable long after the first barrel is produced.
The Order reflects this priority. For projects accessing its supplementary incentives, activities are to be performed in Nigeria, subject to clearly defined exceptions and Nigerian Content requirements.
My ambition is that we use this new investment cycle to build Nigeria into Africa’s regional hub for deep offshore project execution. We should not only possess the resources. We should increasingly possess the skills, businesses and industrial capacity required to develop them.
When I engaged the Chief Executive Officer of Shell plc, Mr Wael Sawan, I directed my team to look beyond a solution for one company or one project. We needed a framework that could unlock a wider pipeline of investment while protecting Nigeria’s long-term interests.
That framework is now in place.
Ultimately, I will judge its success by what Nigerians see from it in terms of good jobs, stronger Nigerian businesses, greater production, increased revenues for the Federation and new capabilities built here at home.
Our natural resources must work harder for our people.
That is the purpose of this decision, and we will pursue it with urgency.
Nigeria First.
Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief of the Armed Forces
Federal Republic of Nigeria
@Sirjupiter001@GuyMr10 Mumu b4 yu start vomiting rubbish, go check full vids on portable's IG, yu ridiculed this country so much that you can't see anything good out of her, have you ever called Nigerian police and you do not get response? Simply cos you spend valuable time on SM gossiping shame! 🫠
@ruffydfire What's the essence of this write-up, Mr. Journalist? It's a one-sided story. Let Afriex or the police come out with their own side of the story. Since you're not a court of law, you can't really tell, Mr. Agbejoro, if indeed there's a twist in the matter, he's going to cash out!