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According to the statement, Mr Shettima elaborated on Mr Tinubu administration’s efforts in ensuring ease of doing business in Nigeria. Addressing the specific concerns of the oil and gas sector, according to the statement, Mr Shettima said: “We are actively working on revising the fiscal framework for deep-water operations. Our goal is to strike a balance between attracting investments and ensuring fair returns for the Nigerian people.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.
“We’re working closely with the President’s office and the Special Adviser to the President to secure favourable fiscal arrangements that will make this significant investment possible,” Mr Harris said., ExxonMobil aims to inject $1 billion annually into maintenance operations and an additional $1.5 billion to boost production by 50,000 barrels per day over the next few years.