Nigeria’s NNPC Ltd. lauds the government’s new Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026. President Bola Tinubu’s approval aims to boost deep offshore investments, projecting up to $50 billion, starting with the $10 billion Bonga South West project. This landmark reform establishes a clear, competitive fiscal framework, designed to attract capital and accelerate production growth towards Nigeria’s 3 MMbopd target by 2030.
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