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🇳🇬 Shell Approves $2 Billion Offshore Gas Project in Nigeria — A Major Boost for the Nation’s Energy Future

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Global energy giant Shell Petroleum Development Company (SPDC) , in collaboration with Sunlink Energies , has officially approved the development of a new $2 billion offshore gas project in Nigeria. This project, named the HI Gas Field Development , is a landmark step in reviving Nigeria’s oil and gas fortunes and a strong signal of renewed investor confidence in Africa’s largest energy producer. 🔹 A Bold Step in the Offshore Frontier The HI gas field, located in Oil Mining Lease (OML 144) roughly 50 kilometers offshore the Niger Delta coast, is expected to produce about 350 million standard cubic feet of gas per day at peak capacity. Shell holds a 40% stake in the project, while its partner Sunlink Energies retains 60% . The gas will be supplied primarily to Nigeria LNG (NLNG) and other domestic offtakers, helping to meet Nigeria’s rising energy demand. According to project details released by Shell on Monday, the development will include a combination of subsea wells , of...

Nigerians outraged by president’s new plane



Numerous Nigerians have responded with shock after another plane was purchased for President Bola Tinubu when the economy is encountering its most terrible emergency in an age.

The buy comes under two weeks after thousands rioted the nation over to dissent at rising appetite and the typical cost for most everyday items.

Chosen last year for lead Africa's most crowded country, Mr Tinubu has presented a few financial changes, including the expulsion of fuel sponsorships, which have added to high expansion, right now more than 30%.

President Tinubu said the changes were important to cut government spending and invigorate long haul development.

In January, the Nigerian president reported a 60% decrease in the size of true travel designations, including his own company.

Anyway on Monday, the president left for France utilizing a recently procured Airbus A330, which has turned into the furthest down the line expansion to the official armada of in excess of five airplanes.

The expense of the plane has not been uncovered, and nor has the justification behind his outing.

X client @Fdmlearn said it wasn't correct that Nigerians were being told to go through financial agony while the public authority was purchasing another plane for the president.

“Wait so despite the Tinubu led Government telling Nigerians to bear the economic hardship and wait for a better tomorrow, they were busy paying cash for a new private Jet to add to the presidential fleet that has over 6 aircraft’s already?”.


Another X user @RealOlaudah was even more angry.


“Let's tell ourselves the truth. Tinubu's new Airbus presidential aircraft purchase for N150 billion at a time of penury, hunger, and want shows how wicked, selfish, self-indulgent, and insensitive to the plight of the average Nigerian he really is.”


However, @Timi_The_Law says he supports the president’s decision as the plane is not personal but belongs to the office of the president.


“Tinubu's decision to buy a new plane is the right one. The plane belongs to the office of the president, and future presidents will enjoy it,” he posted.


It is not known if lawmakers approved the purchase, which was not mentioned in this year’s budget.


In a statement on X, President Tinubu’s media aide Bayo Onanuga said the new plane would actually save money.


“The new plane, bought far below the market price, saves Nigeria huge maintenance and fuel costs, running into millions of dollars yearly,” the statement read in part.


The new official fly was as of late delivered to the Nigerian government after it was held onto by a Chinese firm, Zhangson Speculation Co. Restricted, which got a Paris court request to hold onto some Nigerian government resources following a venture debate with Ogun state in south-west Nigeria.

The 15-year-old plane is said to have an intricate arrangement for celebrities and replaces the country's 19-year-old Boeing BBJ 737-700.

Nigerian authorities have recently said that the official armada had a high upkeep cost because of the age of its planes.

In June, legislators suggested the acquisition of two new airplanes for the president and his agent, it were undependable to say the old ones.

Last month, officials passed a beneficial financial plan, which looked to raise the 2024 financial plan from 28.7 trillion naira ($18bn; £14bn) to 35.06 trillion naira.

It isn't known whether the acquisition of the new plane was remembered for this spending plan.

The BBC has contacted the Senate President and the Workplace of the Public safety Counselor however is yet to get a reaction.

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