President Bola Ahmed Tinubu on Wednesday said Nigeria will provide 60 per cent of the workforce for the $800 million Ima Gas Field, discovered in 1973.

In a post on X, President Tinubu stated that, “The decisions we have taken to reposition Nigeria’s oil and gas sector are beginning to bear fruit.

“Since assuming office, I have signed a series of Presidential Directives and Executive Orders to make investment in Nigeria more competitive, reduce the cost and time required to develop projects, provide greater certainty to investors and ensure that our natural resources deliver greater value to our people.

“One of those reforms introduced specific incentives to unlock onshore and shallow-water gas projects that had remained undeveloped for years.

“Today, we are seeing the result. AMNI International and TotalEnergies have taken an $800 million Final Investment Decision to develop the Ima Gas Field, discovered in 1973 and left underground for more than fifty years.

“For Nigerians, this means work for our engineers, technicians and contractors. It means opportunities for Nigerian businesses, jobs and economic activity in our host communities, and more export earnings for our country.

“AMNI, a Nigerian company, holds the majority interest in the project. Around 60% of the development workforce is expected to come from the host communities.

“Ima is expected to produce about 350 million cubic feet of gas every day at peak and supply about one-third of the gas required for the expansion of Nigeria LNG.

“This is what our reforms are intended to achieve, to move Nigeria’s resources from potential to production and translate them into jobs, incomes and opportunity for our people. We have more to unlock.” (Nigerian Tribune)