Tinubu announces resolution of OPL 245 dispute, opens door for investment
Naija News • 48m ago
President Bola Tinubu has announced the successful conclusion of a landmark settlement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited, bringing an end to the long-standing OPL 245 dispute.
The announcement was made at a meeting on Thursday in the President’s office attended by ENI executives, including CEO Claudio Descalzi, COO Guido Brusco, and Head of Sub-Saharan Region Mario Bello, alongside NAEL Managing Director Fabrizio Bolondi and the President’s Special Adviser on Energy, Olu Arowolo-Verheijen.
According to a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the agreement, signed in Abuja, resolves a dispute that has lasted over 15 years and restores clarity and stability to one of Nigeria’s ...