The Vice President Kashim Shettima has commended Shell Companies for their investments in Nigeria’s economic especially in the energy sector.
Shettima made the commendation at the opening of the 31st Nigerian Economic Summit (NES) in Abuja.
He listed some of the investments to include Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Shell Nigeria Gas (SNG) and All On and Daystar Power.
A statement by Mrs Gladys Afam-Anadu, Shell’s Communications Manager on Tuesday, noted that the exhibition complements the participation of Shell in the summit.
Afam-Anadu quoted Shettima who represented President Bola Tinubu to have received brief on the contributions of the companies to the economic development of Nigeria, especially the energy sector.
Shettima was accompanied by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Minister of Trade and Investment Jumoke Oduwole and the Emir of Kano, Sanusi Lamido Sanusi.
The vice president said that government is impressed with the investments of Shell in deep-water including the 5 billion dollars Bonga North development, saying that work on the project is in progress following the FID which was taken early 2024.
Business Value Manager Chidi Nkazi, who conducted the VIPs round the exhibition stand, also highlighted the impact of Shell’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. (NAN)
