Tinubu hails $800m Ima Gas FID, says 1973 discovery to drive prosperity

Vanguard News | 23-09-2026 02:28pm |

President Bola Tinubu welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, calling it a major milestone in efforts to unlock Nigeria's gas resources for investment, industrialisation, job creation, and economic growth. The project, developed by Nigerian independent oil and gas company AMNI International in partnership with TotalEnergies, is expected to produce about 300 million standard cubic feet of gas per day at peak. The Ima gas resource, located offshore in Oil Mining Leases 112 and 117, was discovered in 1973 but remained undeveloped for more than five decades. The FID was announced on September 23, 2026, and the project is the fourth major gas development to reach FID since Tinubu assumed office, following the Iseni, Ubeta, and HI projects.

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