Vice President Kashim Shettima has commended Shell Companies in Nigeria for their significant investments in the nation’s economy, particularly in the energy sector.
Shettima gave the commendation at the opening of the 31st Nigerian Economic Summit (NES) in Abuja, where he represented President Bola Ahmed Tinubu.
The Vice President listed some of Shell’s investments to include Shell Nigeria Exploration and Production Company Limited (SNEPCo), Shell Nigeria Gas (SNG), All On, and Daystar Power.
According to a statement by Mrs. Gladys Afam-Anadu, Shell’s Communications Manager, the company’s exhibition at the summit was designed to complement its participation and showcase its contributions to national development.
Afam-Anadu quoted Shettima as saying that he had been briefed on the impact of the companies’ operations on Nigeria’s economic growth, especially within the energy sector.
Shettima was accompanied to the exhibition stand by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; the Minister of Trade and Investment, Mrs. Jumoke Oduwole; and the Emir of Kano, Alhaji Sanusi Lamido Sanusi.
The Vice President expressed the Federal Government’s satisfaction with Shell’s ongoing investments in deep-water projects, including the $5 billion Bonga North development. He noted that work on the project is progressing following the Final Investment Decision (FID) taken earlier in 2024.
Business Value Manager, Mr. Chidi Nkazi, who conducted the VIPs around the exhibition stand, highlighted the company’s social investments in health, education, and employment generation.
“Every year our operations generate revenues which are used to finance development. In 2024 alone, Shell Companies in Nigeria paid 1.208 billion dollars in taxes and royalties to the Federal Government,” Nkazi said.
