Tinubu Hails $800m Ima FID As Nigeria Unlocks Five-Decade-Old Gas Resource
the Ima gas project marks the fourth major gas project to reach Final Investment Decision since President Tinubu assumed office, following the Iseni, Ubeta, and HI FIDs. The post Tinubu Hails $800m Ima FID As Nigeria…
The Ima gas field was discovered in 1973 but remained undeveloped for over five decades before now reaching Final Investment Decision, according to Vanguard's report citing the discovery date. Channels TV notes this is the fourth major gas project to reach FID since Tinubu took office, following the Iseni, Ubeta, and HI FIDs, suggesting a pattern of the administration prioritising the sanctioning of previously stalled gas assets rather than new exploration.
The $800m commitment is being framed by the presidency around industrialisation and job creation, per Premium Times, positioning it within Tinubu's broader push to convert Nigeria's long-dormant gas reserves into active production and revenue.