FG Don Roll Out 2025 Licensing Round, Eye Huge Oil Investment

Di Federal Goment, through di Nigerian Upstream Petroleum Regulatory Commission, don launch big plan to attract about $10bn new investment and unlock up to two billion barrels of crude oil reserves as Nigeria 2025 Petroleum Licensing Round don begin.

For Abuja on Monday, di NUPRC Chief Executive, Gbenga Komolafe, unveil di bid round wey cover 50 oil and gas blocks for onshore, shallow-water, frontier and deepwater areas, and e talk say di move go help stop di drop for exploration, increase reserves and boost national production.

Komolafe yarn say di round na major step for Nigeria plan to revive exploration and grow long-term production capacity.