President Tinubu earlier today received the management of Shell Group, led by its Global Integrated Gas and Upstream Director, Ms. Zoe Yujnovich, in the State House where the company announced an Imminent $5 billion Investment in Bonga North Deep-water Project…
President assured the delegation that his administration will continue to ensure the security and viability of existing and new investments in the country and very focused on resolving all investment-related issues.
The President also said his administration is fixated on marching towards making Nigeria the African haven for large scale investment in all key sectors.
Ms. Yujnovich on behalf of the Shell Group expressed her company’s commitment to maintain its legacy of onshore investments in Nigeria, particularly as the company refocuses its investment to key into new and existing opportunities in the gas sector.
She outlined the company’s dedication to the development of the gas value chain in the country, including a substantial commitment of $1 billion over the next five to ten years, aimed at unlocking gas resources for domestic use and the Nigeria Liquefied Natural Gas (NLNG) project in Nigeria.
Ms. Yujnovich also announced an imminent $5 billion investment opportunity in the Bonga North project off the shores of Nigeria, located in the deep water.
She commended the collaboration her team has experienced with the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, and the Special Adviser to the President on Energy, Olu Verheijen.
Her last words to the President:
“Mr President, I want to be successful in my role, and I cannot be successful in my role unless I can find a way to bring more new investments to Nigeria….I have made commitments to our investors that we will continue to invest in gas and oil. In Nigeria, I see all the conditions to continue to make this partnership stronger. In the deep water, we have an imminent investment opportunity in Bonga North. This is $5 billion. I am really keen to make that investment as soon as possible. We want to continue and build a pipeline of new investments in Nigeria,”
May God bless the Federal Republic of Nigeria.🇳🇬
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