Tinubu: I want jobs from offshore projects to come Nigeria

President Bola Tinubu says he wants the jobs and business opportunities created by Nigeria’s deep offshore oil and gas projects to remain in the country.

Tinubu said this in a post on his X account on Tuesday, reacting to his signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026.

“I want the work that comes with these projects to come home to Nigeria. I want our engineers involved, our fabrication yards working, our marine and technical service companies securing contracts, and our young people acquiring skills that will remain valuable long after the first barrel is produced,” he said.

The President said the policy was designed not only to attract investment but also to ensure that Nigerians benefit from the economic activities associated with major offshore developments.

He said projects accessing the supplementary incentives would be required to carry out activities in Nigeria, subject to defined exceptions and Nigerian Content requirements.

Tinubu said his administration wanted to use the new investment cycle to position Nigeria as Africa’s regional hub for deep offshore project execution.

“We should not only possess the resources. We should increasingly possess the skills, businesses and industrial capacity required to develop them,” he said.

The President said the new framework could unlock up to $50 billion in investment, beginning with the approximately $10 billion Bonga South West project.