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
A man suspected of murdering his family was pictured fleeing to Zimbabwe two days before his wife and daughters were found dead.
42-year-old Ndodana Mkhanyisi Tshuma was pictured at Heathrow airport on Saturday.
@LisaSkyNews reports
British Prime Ministers since 2015 and how long they spent in power:
David Cameron — 429 days
Theresa May — 1,106 days
Boris Johnson — 1,140 days
Liz Truss — 49 days
Rishi Sunak — 619 days
Keir Starmer — 717 days + remaining days (resigned today)
Dear Lagosians,
I have directed an immediate scale-up of waste evacuation across Lagos following the recent build-up of refuse in some parts of our state.
LAWMA, LASEPA, and the Ministry of Environment are currently working around the clock. We have deployed extra trucks and personnel to clear the backlogs across all affected neighbourhoods. You should already see progress on the streets and we will not stop until our city is completely clean again.
Lagos generates over 13,000 tons of waste every single day. Managing this requires a massive effort but our determination to fix the current challenge is absolute.
As we continue this cleanup, I ask for your partnership. Please bag your waste properly and avoid dumping refuse in drainage channels or on the roads.
We are fully on top of this situation. Let us work together to keep Lagos clean and safe for everyone.
2027 will, like 2023, be a 3-horse race.
One thing that's interesting is the closeness of the combined ages of each set of candidates:
BAT-KSM (combined age = 134)
PO-RMK (135)
AA-CRA (141)
Also, milestones: AA will be 80 this year, RMK 70, and KSM 60.
The next incredible chapter of this football club is written ❤️
We’ll be in Europe for the first time in our 127-year history next season 🌎
On to Sunday for one final push to find out which competition 💪
Mark your calendar 🗓️
We are delighted to announce that we will come together with our supporters and community for a special parade, starting from 2pm on Sunday 31 May 👇
"This is the monster I made. I was angry. I thought I was punishing my dad, but now I miss him. I was always looking for love in all the wrong places. I have been to four different universities, and I always run away. I dropped out of Covenant University because I tested positive for drǔgs. I have been to four rehabs." - Lady shares her experience with drug use