From Ima Gas to Tinubu’s Reforms: Not Every Investment Pays Off Immediately

By Oreva Godwin

For Working People United (WoPU)

After over five decades, Nigeria's Ima Gas Project has reached Final Investment Decision (FID), unlocking an $800 million investment by AMNI International and TotalEnergies.

The project, located offshore near Bonny Island, Rivers State, is expected to produce about 350 million standard cubic feet of gas per day at peak production. Beyond the investment, the project presents an opportunity to boost gas supply, support industrial growth, and create jobs.

You may not like Mr President, but he is an audacious man, one man who is committed to taking difficult decisions, decisions that past leadership failed to take. That you can't take away from him.

It is like a government deciding to build a major road that has been neglected for years. The government will spend billions to construct it, and people may complain about the money being spent because they cannot immediately see the benefit. But when the road is completed, businesses can move goods faster, transportation becomes easier, new businesses can spring up along the road, and the economy of that area can gradually grow. The money spent today may not produce all its benefits immediately, but years later, people will begin to understand why that investment was necessary.

It is like someone investing his or her all into a business. You don't expect it to yield profit immediately. He or she may still have to take a loan or invest more into the business and wait for years before recovering all the money invested and start enjoying the profit.

Just like when a man or a woman builds a house and gives it out for rent, it takes years to recover the money invested and start enjoying the returns from that investment.

So is Tinubu's administration. Four years is not enough. Give him another four years for us to enjoy all his reforms.

Nigeria will get it right pretty soon under this government.