Why ExxonMobil wants to invest $10 billion in Nigeria's oil sector

  • ExxonMobil has disclosed plans to invest $10 billion in Nigeria’s offshore oil operations
  • Nigeria’s Vice President, Kashim Shettima, disclosed this during a meeting with Exxon’s executives at the UNGA in New York
  • The development follows a pledge by Coca-Cola to invest $1 billion in Nigeria to boost its operations 

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

ExxonMobil Corp. has announced plans to invest $10 billion in Nigeria’s offshore oil operations as part of a new investment strategy.