Nigeria Approves Enhanced Tax Incentive for Shell to Unlock $20bn Deep water Oil Investment
The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest Aparo deepwater oil project in a move aimed at unlocking an estimated $20 billion in fresh investment and increasing Nigeria’s crude oil production. According to reports citing sources familiar with the development, President Bola Tinubu approved revised fiscal terms granting…