Tuesday, December 5, 2023


According to a statement released on Monday, December, Fox Petroleum is set to invest $7.5 billion in NNPCL over the next three years. 

The decision, outlined by Yomi Sola Falana, the company’s Business Representative, is attributed to President Bola Ahmed Tinubu’s commitment to enhancing Nigeria’s oil and gas production, increasing reserves, bolstering national income, generating job opportunities, and supporting community growth. 

The investment aims to facilitate NNPCL's expansion in line with the newly enacted Petroleum Industry Act (PIA).

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