Shell approves $800m contracts for Nigerian companies

Country Chair, Shell Companies In Nigeria (SCiN), Mr. Osagie Okunbor, has announced approval of $800 million contracts representing 100 per cent of its contracts  to Nigerian companies in 2020.

Okunbor made the announcement during a panel session at the Association of Energy Correspondents of Nigeria (NAEC) 2021 Strategic International Conference on Tuesday in Lagos.

Okunbor, represented by Mr. Ed Ubong, Managing Director, Shell Nigeria Gas (SNG), said there was a need to work on building capacity in-country.

According to him, this will enable local industries to enter the supply chain and participate more aggressively.

He said, “We need to reduce the industry’s reliance on imports and create new markets in-country.

“At Shell, we recognise that local content is key to surviving a post-COVID-19 pandemic world and Shell will continue to invest in this space.

“We remain committed to building capacity and competence in country to enable more Nigerians participate directly and indirectly in the gas value chain and pump more money into the local economy by supporting Nigerian companies.

“Shell assists Nigerian companies to achieve the necessary certification for their products and services to ensure that they qualify for tenders and contracts to provide goods and services across its operations and the Nigerian oil and gas.”