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President Bola Tinubu has approved a targeted fiscal incentive designed to unlock the long-awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project.
The approval marked a milestone in Nigeria’s ongoing drive to attract strategic investments and accelerate sustainable economic growth.
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The project is estimated to attract about $20 billion in Foreign Direct Investment and position Nigeria for a new era of deepwater production.