Vice President Kashim Shettima has commended Shell Companies in Nigeria for their sustained investments and contributions to the country’s economic and energy development.
Speaking at the opening of the 31st Nigerian Economic Summit (NES) in Abuja, Shettima highlighted Shell’s key operations, including the Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Shell Nigeria Gas (SNG), All On, and Daystar Power, as major drivers of energy growth and innovation in Nigeria.
A statement by Mrs. Gladys Afam-Anadu, Shell’s Communications Manager, said the company’s exhibition at the summit showcased its extensive impact across various sectors of the economy.
Representing President Bola Tinubu, Shettima was briefed on Shell’s economic contributions, particularly its role in deep-water investments such as the $5 billion Bonga North development project, which commenced following the Final Investment Decision (FID) in early 2024.
The Vice President was accompanied by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Trade and Investment, Jumoke Oduwole; and the Emir of Kano, Sanusi Lamido Sanusi.
Business Value Manager, Chidi Nkazi, who led the delegation through Shell’s exhibition stand, noted that beyond energy development, the company’s social investments in health, education, and job creation continue to drive sustainable growth.
“In 2024 alone, Shell Companies in Nigeria paid $1.208 billion in taxes and royalties to the Federal Government,” Nkazi said, adding that the company’s operations continue to generate significant revenues that support national development.
