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Shell plans $20B investment in Nigeria’s oil and gas sector under President Tinubu’s reform-driven leadership.
Shell CEO Wael Sawan announced a planned $20 billion investment in Nigeria’s oil and gas sector, citing President Bola Tinubu’s leadership and a more stable, investor-friendly environment as key reasons.
The investment, focused on deep offshore projects like Bonga Southwest, includes $10 billion in capital and $10 billion in operations, with incentives approved by Tinubu tied to new investment and production.
The move marks a significant shift from past retrenchment and reflects renewed confidence in Nigeria’s energy future.
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Shell planea una inversión de $ 20B en el sector de petróleo y gas de Nigeria bajo el liderazgo impulsado por las reformas del presidente Tinubu.