BY CHIKA OKEKE, Abuja President Bola Tinubu has unlocked major deepwater investment with the resolution of OPL 245 dispute. The controversy ended with the historic settlement of an agreement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL). Tinubu made the announcement at a meeting held in his office and attended by the Chief Executive Officer of Eni, Claudio Descalzi; Chief Operating Officer, Guido Brusco; Head of Sub-Saharan Region, Mario Bello; Managing Director of Nigerian Agip Exploration, Fabrizio Bolondi; and Special Adviser to the President on Energy, Olu Arowolo-Verheijen. The agreement terminated the long-standing dispute over Oil Prospecting Licence (OPL) 245, paving the way for the development of one of Nigeria's most significant deepwater resources. Signed in Abuja, the agreement marked the resolution of a dispute spanning more than 15 years. It restores clarity and stability to an asset widely recogn...
BY CHIKA OKEKE, Abuja The Federal Government has concluded plans to unveil National Single Window (NSW) platform on March 27, aimed at transforming Nigeria's trade and investment ecosystem. Chief of Staff to the President, Femi Gbajabiamila disclosed this during a stakeholders’ meeting at the State House, Abuja, attended by ministers, agency heads, and key officials. He said that the initiative, first launched by President Tinubu nearly two years ago, is a far-reaching fiscal reform that will streamline trade procedures, improve efficiency, and enhance Nigeria’s competitiveness. "We are about to launch yet another reform, fiscal reform by this administration, which in its nature will be very transformational. "As the name suggests, it is a single national window as opposed to multiple single windows. "This meeting is to review the progress we have made and get your commitment that we will manage this transition smoothly," he said. The Chief of Staff ...