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
Gianni Infantino surely cannot survive as FIFA president now. UEFA, AFC and CONCACAF have begun preliminary discussions about the possibility of organizing competitions among themselves to ensure that players can continue to compete - such as in the Women’s Under-20s World Cup which starts in less than a month - and are not impacted by the ongoing crisis surrounding Gianni Infantino.
The message from the three confederations to Infantino is very clear. He is being given the opportunity to resign and leave his position with dignity. He has the opportunity to go now and should not seek re-election in March. Because the pressure, the heat and the headlines are not going away. Change has to come. Infantino has to go.
Uefa paid off an alleged mistress of Gianni Infantino while he was its general secretary, The Telegraph can disclose.
The woman received a six-figure sum after the alleged relationship with Mr Infantino while he was a top official at European football’s governing body.
Read our full investigation 👇
https://t.co/8uG4YLrVBS
The CAF Executive Committee (“EXCO”) unanimously endorses the “Joint Update” by the FIFA President and Secretary General on the FIFA Forward Enterprise and will continue to focus on making African Football amongst the best in the world and adhering to governance and transparency global best practices.
https://t.co/4b1P7Z29qj
Today I join others from across our game and call for Gianni Infantino to resign as FIFA President.
Infantino has debased the office that he promised to elevate. He has lied, deceived and tried to feather his own nest at the expense of the game he is supposed to serve.
He has lost the support of his senior staff, his closest advisers, the vast majority of people who devote their lives to this sport and even, it would seem, the FIFA Peace Prize winner.
It is too late to save his dignity but it is not too late to save football. He should go. Now.
#Infantinout
https://t.co/j93k5MnlK2
🚨BREAKING: UEFA is demanding that Gianni Infantino resign as FIFA President!
If he refuses to step down, UEFA will trigger a VOTE OF NO CONFIDENCE and have him removed from office.
[@TeleFootball]
The money-worshipping executives at @thenff and @CAF_Online won't be happy about this new development, but it's a victory for the beautiful game. Next, Infantino (the Lex Luthor of football) should be resigning.
Statement attributable to the FIFA President
The FIFA Forward Enterprise project was intended to provide a basis for further strengthening our FIFA Member Associations and our sport worldwide, especially in those countries where support is most needed. And more so, as we said from the outset, to do this only if a majority of the FIFA Member Associations were in support and always subject to a consultation process with them, the FIFA Council, the Confederations and wider stakeholders.
Having listened carefully to all the views, it has become clear that the project has created divisions of a nature that, regardless of the level of support, are no longer in the interest of the objective set out in the first place.
Our purpose has always been - and will always be - to unite and improve.
As a result, this proposal will not proceed.
Moving forward, my intent is to bring all interested parties back together in the coming days and weeks in the spirit of shared interest in our game, and with the objective to continue growing football everywhere, particularly in those countries that mostly need our support.
Pinnick: Infantino’s FFE Proposal Will Give Each Member Association $20 Million
As FIFA President, Gianni Infantino has the right to propose changes, and it is up to stakeholders to accept or reject them. One of the major characteristics of the FIFA President is his ability to consult widely, and he is doing so with the FFE Proposal. Under this proposal, FIFA would sell minority stakes in a new for-profit commercial subsidiary, FIFA Forward Enterprise (FFE), to external investors. The beneficiaries of the proposal will still be the member associations — including the Nigeria FA, Ghana FA, South African FA, and all other FAs.
This proposal should be celebrated in the wake of the most successful World Cup.
Amaju Pinnick
Deputy Chairperson, FIFA Men’s National Teams Competition Committee
🚨 𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: All the UEFA nations have decided to boycott the World Cup, in men's and women's editions.
UEFA will NOT support any tournament hosted by FIFA.
— @JacobsBen
'Of all Gianni Infantino’s delusions, perhaps the most dangerous is that he regards himself as a head of state.
'Hawking a slice of the World Cup, for all its flaws the most cherished competition in sport, should be the cue for outright rebellion. Uefa should have the courage of its convictions and issue a warning to secede. For what would the event be, ultimately, without Europe?'
@oliverbrown_tel says, in Infantino's warped realm, too much is never enough 👇
https://t.co/JrmANxbb8n
INFANTINO IS ACTUALLY OFFERING NATIONAL FOOTBALL TEAMS 35 MILLION DOLLARS IF THEY GIVE HIM PERMISSION TO SELL FIFA AND THE WORLD CUP 🙄 THIS WAS THE DAY FIFA LOST ALL CREDIBILITY 🙄 FIFA IS DEAD 🤷 INTERNATIONAL FOOTBALL HAS TO CREATE A NEW ORGANIZATION 💯👍
Concacaf Statement Regarding the Proposed FIFA Forward Enterprise
"Concacaf was only made aware of this matter through media reports and, subsequently, via a media release.
We are deeply concerned by the lack of due process.
We share the disappointment of many within our region and the game that this level of detail has been designed and shared publicly before any discussion with the relevant governance bodies and stakeholders has taken place.
As leaders within football, we are the custodians of the game. Collectively, FIFA, the Confederations and every Member Association have a responsibility to always act in the best interests of the sport. Every decision we make must be guided by good governance, robust processes and long-term stewardship.
This is the framework within which Concacaf operates. We trust that all within the FIFA family will act in the same manner.”