Nigeria Eyes $50 Billion From 22 Offshore Oil and Gas Projects

Nigeria expects to attract investments worth between $30 billion and $50 billion from 22 offshore oil and gas projects over the nest five years, the country’s Upstream Petroleum Regulatory Commission has said.

“Beyond increasing production, these investments will create jobs, expand infrastructure, strengthen energy security and reinforce Nigeria’s position as a leading global upstream investment destination,” the regulator’s chief executive Oritsemeyiwa Eyesan said, as quoted by The Sun.