President Bola Tinubu says his administration’s reforms in the oil and gas sector are beginning to yield tangible results following the $800 million Final Investment Decision (FID) by AMNI International and TotalEnergies to develop the long-idle Ima Gas Field.
Tinubu, in a statement issued on Wednesday, September 23, 2026, described the investment as a milestone for Nigeria’s energy industry, saying it validates the series of Presidential Directives and Executive Orders introduced to improve the country’s investment climate and unlock stalled energy projects.
The president noted that the reforms were designed to make Nigeria more attractive to investors by reducing the cost and time required to execute projects, providing regulatory certainty and ensuring that the country’s natural resources generate greater economic value.
He stated that one of the key policy measures focused on encouraging investment in onshore and shallow-water gas assets that had remained undeveloped for years.
Tinubu said the latest investment would finally bring the Ima Gas Field, discovered in 1973 but left untouched for over 50 years, into production.
Tinubu said the project would create jobs for Nigerian engineers, technicians and contractors, expand opportunities for indigenous businesses and stimulate economic activities in host communities.
He added that AMNI International, which holds the majority stake in the project, plans to source about 60 per cent of its workforce from the host communities, further boosting local participation in the development.
Tinubu also disclosed that the gas field is expected to produce about 350 million cubic feet of gas per day at peak output, supplying nearly one-third of the gas required for the planned expansion of Nigeria LNG.
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Tinubu said the development reflects the administration’s determination to transform dormant natural resources into productive assets capable of generating employment, increasing export earnings and supporting industrial growth.
The president stated: “Ima is expected to produce about 350 million cubic feet of gas every day at peak and supply about one-third of the gas required for the expansion of Nigeria LNG.
“This is what our reforms are intended to achieve, to move Nigeria’s resources from potential to production and translate them into jobs, incomes and opportunity for our people.”
Tinubu stressed that the government would continue implementing reforms aimed at attracting more investments and unlocking the full potential of Nigeria’s oil and gas industry.
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