Nigeria has officially opened an open bidding process for 50 oil and gas blocks, following approval by President Bola Tinubu.

The announcement was made by the Nigerian Upstream Regulatory Commission, marking a major step in expanding investment opportunities in the energy sector.

The blocks are spread across five sedimentary basins in the resource-rich Niger Delta region.

Authorities say the initiative is aimed at boosting exploration, attracting investors, and strengthening Nigeria’s oil and gas industry.