Shell Plc has signalled a renewed and expanded investment push in Nigeria, citing improved political stability, policy consistency, and leadership as key factors driving its confidence in the country’s energy sector.
The Chief Executive Officer of Shell Plc, Wael Sawan, disclosed the company’s investment plans during a meeting with President Bola Tinubu in Abuja on Thursday.
The official explained that Nigeria now stands out as one of the most attractive destinations for capital allocation within Shell’s global portfolio.
“We think there is more to invest here, and we understand the vision that you (President Bola Tinubu) have for the country, and so we are indeed working on a project, Bonga Southwest, that could potentially, if we get to an FID stage, see us,
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