Bandele recalled that since TotalEnergies brought the Egina deepwater oil field on stream in 2018, oil and gas operators have not brought any other deepwater projects on stream due to a lack of incentives. Crude oil, which traditionally dominated Nigeria’s merchandise exports to the UK, accounted for 30.9 per cent of British goods imports from Nigeria. According to the report, UK crude oil imports from Nigeria plunged by 64.3 per cent compared with the preceding 12-month period, while natural gas imports rose by 6.9 per cent. Of Britain’s £2 billion imports from Nigeria, goods accounted for £1.4 billion, representing 69.7 per cent, while services contributed £616 million, or 30.3 per cent. UK goods imports from Nigeria declined by 11.3 per cent year-on-year, while imports of services fell by 4.3 per cent.