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NNPC: Presidential Approval Secured for $20bn FID on Bonga Deepwater Project

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NNPC: Presidential Approval Secured for $20bn FID on Bonga Deepwater Project

11 Mar, 2026

The Nigerian National Petroleum Company Limited NNPC (NNPC Ltd) yesterday announced that it had secured presidential approval for a targeted fiscal incentive package aimed at unlocking the long-delayed Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project. The national oil company, in a statement in Abuja by its spokesman, Andy Odeh, stressed that the development is expected to attract about $20 billion in Foreign Direct Investment (FDI) and revive large-scale offshore oil investments in the country..............................….......READ MORE