Tinubu welcomes $800m Ima Gas investment decision

President Bola Tinubu has welcomed an $800 million final investment decision on the Ima Gas project, describing it as a major step towards unlocking Nigeria’s long-dormant gas resources. Premium Times reported that the project involves a gas resource that has remained undeveloped for 50 years. Tinubu said the investment could support industrialisation, create jobs and contribute to economic growth.

The announcement places the project within the government’s broader effort to use Nigeria’s gas resources for economic development. The supplied material does not provide details about the investors, the project’s location or its expected production capacity. It also does not state when construction or production will begin, or set out the terms of the final investment decision.