FG offers Shell $11.50 per barrel tax credit to unlock $20bn Bonga Deepwater project

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FG offers Shell $11.50 per barrel tax credit to unlock $20bn Bonga Deepwater project

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Nigeria's Federal Government offers Shell a production-linked tax credit to unlock the $20 billion Bonga Deepwater oil project. This initiative aims to attract substantial foreign direct investment into Nigeria's energy sector.

Udeme Akpan with Agency Report The Federal Government has approved an enhanced production-linked tax credit of $11.50 per barrel for Shell Plc and its partners in a move aimed at unlocking the long-delayed Bonga Southwest Aparo deepwater oil project, a development expected to attract about $20 billion in foreign direct investment (FDI) into Nigeria. The […] The post FG offers Shell $11.50 per barrel tax credit to unlock $20bn Bonga Deepwater project appeared first on Vanguard News.

Politics Markets Deals Energy Nigeria Shell Plc tax credit Bonga Deepwater oil project foreign investment energy sector

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