President Bola Ahmed Tinubu on Thursday received the Chief Executive Officer of Shell Companies, Mr Wael Sawan, and his delegation at the State House in Abuja.
The meeting focused on Shell’s ongoing operations in Nigeria and its future investment plans in the oil and gas sector.
During the visit, Shell announced plans to invest about 20 billion dollars over time in the Bonga SouthWest deep-water oil project.
The project is expected to boost crude oil production, create jobs, and attract more foreign investment into Nigeria’s energy industry.
Presidential aide, Sunday Dare said the investment would strengthen Nigeria’s position as a major oil producer and support the government’s drive to revive the economy through increased energy output.
President Tinubu welcomed the plan and assured the delegation of his administration’s support for investors willing to expand operations in the country.
The Bonga SouthWest project is located offshore in the Niger Delta and is one of Shell’s key deep-water developments in Nigeria.
When completed, it is expected to add a new stream of production to the nation’s oil sector and improve revenue for the federal government.
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