Nigeria, Sept. 23 -- President Bola Tinubu has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Development Project by AMNI International, an independent oil and gas exploration and production company, in partnership with TotalEnergies.

In a statement issued on Wednesday by Bayo Onanuga, the president's spokesperson, Mr Tinubu said the investment marked another major milestone in his administration's efforts to unlock Nigeria's vast gas resources for investment, industrialisation, job creation and economic growth.

The Ima Gas Project, located offshore in Oil Mining Leases (OMLs) 112 and 117, was discovered in 1973 but remained undeveloped for more than five decades.

According to the presidency, the project is ex...