President Tinubu approves FID for $20bn Bonga deepwater project

President Bola Ahmed Tinubu has approved a targeted fiscal incentive package designed to secure the long-awaited $20 billion Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project. This milestone, announced on March 10, 2026, ends nearly two decades of stagnation for the strategic national asset and is poised to usher in a new ...