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NNPC Secures Presidential Approval for $20 Billion Final Investment Decision on Bonga Deepwater Project

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tBy Aliyu Musa

President Bola Tinubu has approved a targeted fiscal incentive designed to unlock the long awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project, marking a milestone in Nigeria’s ongoing drive to attract strategic investments and accelerate sustainable economic growth.

The project is estimated to attract about $20 billion in Foreign Direct Investment and position Nigeria for a new era of deepwater production.

Andy Odeh,
Chief Corporate Communications Officer,
NNPC Limited in a statement said
the approval followed months of intensive technical and commercial negotiations involving NNPC Limited as the concessionaire, the Nigeria Revenue Service (NRS), the Special Adviser to the President on Energy, Olu Verheijen, and the Shell CEO Mr. Wael Sawan. It represents the culmination of the President’s directive, issued during a courtesy visit by Shell CEO, Mr. Wael Sawan, to fast-track the enablers required to move this strategic national asset to FID. It signals renewed confidence in Nigeria’s policy direction and its resolve to translate reform momentum into tangible investment outcomes.

Speaking on the development, the Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, stated:

“This approval is a testament to the President’s leadership, NNPC’s disciplined execution and our ability to structure complex, bankable transactions that deliver value for Nigeria. For nearly two decades, the Bonga Southwest project remained stalled. Today, under President Tinubu’s reform-driven leadership and through NNPC’s sustained advocacy, we have broken that logjam. This is what partnership, persistence, and policy clarity can achieve.”

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Ojulari further stated, “This milestone further affirms NNPC’s commitment, under the President’s leadership, to unlocking Nigeria’s vast energy potential through partnerships, disciplined innovation and execution excellence”.

The Bonga Southwest project will be the first FID on a Nigeria deepwater Production Sharing Contract asset since 2008, re-establishing Nigeria as a premier deepwater investment destination. The fiscal package approved by President Tinubu includes an enhanced Production Tax Credit and resolution of the 2021 dispute settlement agreement, creating a competitive framework that balances national value with investor returns.

NNPC Limited, as concessionaire, worked closely with SNEPCo and the broader contractor party to develop alternative fiscal solutions that address structural constraints while protecting Nigeria’s long-term interests. The approval was granted rigorous evaluation by the National Revenue Service and submission of recommendations to the Presidency.

This milestone reinforces NNPC’s strategic pivot toward partnership-driven growth. By aligning with global majors like Shell and securing the enabling fiscal environment, NNPC Ltd is translating the President’s investment reform agenda into tangible outcomes—jobs, revenues, and energy security for Nigerians.

With Presidential approval secured, NNPC Limited and its partners will now progress toward FID, triggering the multi-billion-dollar capital commitment that will transform Nigeria’s deepwater landscape and deliver enduring value to the nation.

The Bonga Southwest Aparo project, operated by Shell with all IOCs in Nigeria as partners, will create over 5,000 direct and indirect jobs, and deliver 150,000 barrels per day of crude oil and 140 million standard cubic feet per day of gas upon completion.

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Death of 37 Miners in Custody: Ajia Calls for Independent Investigation, Accountability

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A chieftain of the All Progressives Congress (APC) and the Dan Amanan Fune Emirate of Yobe State. Alhaji Ibrahim Mohammed Ajia, Ph.D., has expressed concern over the death of 37 suspected illegal miners while in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Minna, Niger State, describing the incident as a grave tragedy that demands a transparent and credible investigation.

In a statement issued by his Director of Communications, Mallam AbdulRahaman Aliagan, on Monday, Dr. Ajia commiserates with the Federal Government, the Government and people of Niger State and, in particular, the families of the deceased. He stated that the circumstances surrounding the deaths demand urgent and honest answers from the relevant authorities.

The victims were reportedly among scores of suspects arrested during anti-illegal mining operations in the M.I. Wushishi and Lukoto areas of the state on September 15 and 16.

Dr. Ajia noted that the death of individuals while in state custody raises serious questions regarding compliance with established detention procedures. He stressed that persons arrested for alleged offences are entitled to lawful investigation and due process, and must not be exposed to conditions capable of endangering their lives or wellbeing.

He further observed that the incident underscores the need for security agencies to uphold rigorous standards in the management of detention facilities, including adequate supervision, appropriate holding conditions, access to basic necessities, and effective safeguards for the welfare of all persons in custody.

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The APC chieftain also called for stronger coordination among security and law enforcement agencies, insisting that suspected illegal miners be properly profiled, investigated, and prosecuted strictly through established legal channels. He emphasized that the enforcement of laws against illegal mining must be pursued in a manner that upholds human rights and the dignity of persons in custody, without exception.

Dr. Ajia commended the Federal and Niger State Governments for their prompt intervention, as well as the police and administrative investigations already underway. He noted that the Federal Government has constituted a ten-member independent committee to investigate the arrests, detention, and circumstances surrounding the deaths, and that officers connected with the incident have been suspended pending the outcome of that investigation.

He appealed to residents, particularly the youths of Niger State, to remain calm and allow the investigative process to proceed unhindered, cautioning that public anger over this tragedy must not translate into further loss of life or destruction of property. He urged the relevant authorities to maintain open and regular communication with the affected families and the general public as the investigation progresses.

Dr. Ajia called for an independent, thorough, and transparent determination of the circumstances that led to the deaths, insisting that any individual found culpable be held accountable under the law, irrespective of rank or position.

He affirmed that accountability, respect for human rights, and professionalism in security operations remain essential pillars for strengthening public confidence in Nigeria’s security institutions. He concluded by praying that Almighty Allah grants the departed eternal rest and grants their families the fortitude to bear this profound loss.

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Peter Obi Distances Self From Purported Letter to Obi of Onitsha

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By Nick Ibe

A letter purportedly written by him to the Obi of Onitsha, Igwe Nnaemeka Achebe, against the Governor of Anambra State, Professor Charles Soludo has been disowned by Peter Obi, the Presidential Candidate of the Nigeria Democratic Congress, NDC. He emphasises that he wrote no such letter.

The purported letter appealed to Achebe over political and financial issues he, Obi, is having with Governor Chukwuma Soludo of Anambra state.

But, Obi, in a statement posted on his X account on weekend, dismissed the letter as “entirely false” and malicious. He also disclosed that the signature attached to the purported letter was forged.

Obi appealed to members of the public and the media to treat the letter with the contempt it deserves, adding that it was designed to mislead the public. The resd:

“My attention has been drawn to a fake letter circulating on social media, purportedly written by me to His Majesty, Igwe Nnaemeka Alfred Ugochukwu Achebe, the Obi of Onitsha, concerning political and financial matters in Anambra State.

“This document is entirely false, malicious, and a fabrication by mischievous elements aimed at misleading the public.

Furthermore, the signature appended to the letter is completely forged,” Obi said.

He added that his attention remained focused on national development and accountability rather than what he described as fabricated publications.

“My focus remains steadfastly on issues of national development, accountability, and building a better future for our people – never on cheap fabrications.”

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The rebuttal follows the disagreement between Obi and the Anambra State Government administration over the financial position of the State at the end of Obi’s tenure in 2014.

The fake letter, dated September 19, 2026, and addressed to the Obi of Onitsha was titled, “The Future of Ndigbo is Bleak.”

Furthermore, the purported letter called for transparency over the financial records and liabilities of Anambra State, and urged traditional rulers, political leaders and elders to prevent political disagreements from coming between the people.

The letter also called for the state’s financial records to be examined and for questions surrounding the administrations of Obi and Soludo to be resolved through evidence and transparency.

The letter surfaced days after the Anambra State Government released details of loan facilities it attributed to Obi’s administration and insisted that the state was still carrying repayment obligations from that period.

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2027 Elections: Police Must Never Be Seen As Political Tool, Tinubu Warns

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By Felix Umande

President Bola Ahmed Tinubu has charged the Nigeria Police Force to maintain the highest standards of professionalism and impartiality ahead of the 2027 general elections, stressing that the police must never be seen as an instrument of any political interest.

The President gave the charge at the 2026 Conference and Retreat for Senior Police Officers in Owerri, Imo State, in an address delivered on his behalf by the Secretary to the Government of the Federation, Senator George Akume.

President Tinubu said every Nigerian, irrespective of political affiliation, ethnicity, religion, social status or geographical location, must feel protected by the police, noting that neutrality and professionalism are fundamental to public confidence and the credibility of the nation’s democracy.

“The police must be seen not as an instrument of any political interest, but as a national institution serving the Nigerian people and protecting the constitutional order. This is fundamental to public trust and to the credibility of our democracy,” the President said.

Speaking on the theme “Developing a Nigeria Police Roadmap for Effective Management of Security During Elections,” Tinubu said the 2027 elections would require careful preparation, professionalism, impartiality, intelligence-led operations and close coordination among security and electoral stakeholders.

He assured that the Federal Government would provide the necessary support to enable the Force effectively discharge its responsibilities.

The President explained that securing the electoral process goes beyond protecting ballot papers and polling stations, as it also entails protecting citizens, electoral officials and materials, ensuring peaceful campaigns, preventing violence and intimidation, and guaranteeing that Nigerians can participate in the democratic process without fear.

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He reaffirmed the Federal Government’s commitment to ongoing police reforms, stressing that meaningful reform requires sustained investment in personnel, training, technology, intelligence infrastructure, operational logistics, welfare and institutional systems.

Tinubu urged the Force to strengthen intelligence gathering, improve response times, deepen community engagement, embrace technology and enhance inter-agency cooperation to meet increasingly sophisticated security threats.

He commended the Inspector-General of Police, IGP Olatunji Rilwan Disu, and the Police Management Team for efforts to reposition the Force and respond to emerging security challenges, while acknowledging the sacrifices of officers confronting kidnapping, terrorism, banditry, armed robbery, cultism and other violent crimes across the country, including those who have paid the ultimate price.

The President, however, reminded the Force that security expectations of Nigerians remain high, urging officers to build public confidence through discipline, accountability, professionalism and respect for the rights and dignity of citizens.

He tasked senior officers at the retreat to produce a practical and implementable roadmap that would strengthen election security, improve operational preparedness and deepen public confidence, while looking beyond 2027 towards building a modern, professional, technology-enabled, intelligence-driven and citizen-centred police force.

Tinubu assured officers and men of the Force that the Federal Government values their sacrifices and remains committed to supporting them.

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