Nigeria Ranks Among Top 3 in Global Deepwater Oil Projects, Says Presidency
Nigeria has risen to the top three globally in deepwater oil projects, moving from the bottom quartile of 13 indexed countries. This achievement follows significant energy sector reforms by President Bola Tinubu's administration, which have enhanced fiscal attractiveness and eased business operations.Nigeria is now poised to tap into $90 billion in deepwater project financing, with plans to unlock major new developments and boost its oil and gas output. The reforms are expected to drive economic growth, create jobs, and improve macroeconomic stability.
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