President Bola Tinubu has conveyed optimism regarding the potential for increased investments from the Shell Petroleum Development Company of Nigeria (SPDC), affirming his administration’s commitment to eliminating obstacles to attract investments. Tinubu underscored Nigeria’s longstanding relationship with Shell, dating back to the discovery of the first commercial oil field at Oloibiri in the Niger Delta in 1956.
During a meeting with the management of Shell Group, led by its Global Integrated Gas and Upstream Director, Ms. Zoe Yujnovich, President Tinubu, as stated by presidential spokesman Ajuri Ngelale, assured continued efforts to ensure the security and viability of both existing and new investments in the country.
Acknowledging progress since the last meeting, the president expressed ongoing support for and encouragement of Shell’s investment initiatives in Nigeria. He emphasized a strong focus on resolving investment-related issues, committing to removing any bottlenecks hindering Nigeria’s progression as an African hub for large-scale investment across key sectors.
President Tinubu stated, “We want you to do more, and we are ready to encourage you in every way possible. We are very focused on resolving all investment-related issues. There is no bottleneck that is too difficult for us to remove in our determined march toward making Nigeria the African haven for large-scale investment in all key sectors. We need each other.”