President Bola Ahmed Tinubu on Thursday received a delegation from Shell, led by the company’s Chief Executive Officer, Mr Wael Sawan, at the State House, Abuja, in a move that underscores the Federal Government’s drive to attract fresh foreign investment into Nigeria’s oil and gas sector.
The meeting comes amid ongoing reforms by the Tinubu administration aimed at boosting crude oil production, strengthening local refining capacity, and addressing long-standing regulatory and operational challenges within the industry.
Shell, one of Nigeria’s leading international oil companies, has operated in the country for decades through its subsidiary, Shell Petroleum Development Company (SPDC), playing a significant role in upstream oil and gas activities.
Although details of the closed-door discussions were not officially disclosed, talks are believed to have centred on prospective investments, divestment processes, gas development projects, and enhanced collaboration with the Nigerian National Petroleum Company Limited (NNPCL) to increase output and ensure energy security.
Thursday’s engagement follows a series of high-level interactions between the Tinubu administration and Shell executives, including earlier meetings focused on removing investment bottlenecks and securing commitments in exploration, production, and energy infrastructure.
While no formal announcements emerged from the visit, the meeting highlights the administration’s priority of strengthening partnerships with global energy firms to support economic diversification and Nigeria’s energy transition objectives.
The Presidency has repeatedly assured investors of its commitment to creating a more enabling business environment through policy reforms, fiscal incentives, and improved security in the Niger Delta.
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