Vice President Kashim Shettima has expressed enthusiasm for ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil sector, calling it a strong indication of the government’s economic reforms and favorable investment policies.

This announcement coincides with international maritime company DP World’s plans to launch a multibillion-dollar port project in Nigeria.

Shettima made these comments on Wednesday during a high-level meeting with ExxonMobil executives at the ongoing 79th Session of the United Nations General Assembly in New York, United States.

“The potential investment from ExxonMobil aligns seamlessly with President Bola Ahmed Tinubu’s vision for a more investment-friendly Nigeria. We are dedicated to fostering an environment that supports such transformative projects,” he stated.