…Assures of consistency in policy
…Shell Nigeria assures of increased investments in gas, deep water assets
By Ibiyemi Mathew
Investors in Nigeria and globally has been urged by Nigeria’s President, Bola Ahmed Tinubu to invest in Nigeria stating the countries readiness to receive them.
President Tinubu speaking while receiving the delegation of the Shell Petroleum Development Company (SPDC) led by the Global Upstream Director, Ms Zoe Yujnovic at the State House, Abuja assured the business community of his government’s commitment to policy consistency and better business climate to attract investment.
President Tinubu welcomed the SPDC’s offer for more investments in the Nigerian oil and gas sector, adding that such investments are needed now more than ever to enable Government meet its obligations.
The President recalled that attracting fresh investment was “a promise I made personally to Nigerians. Whatever it takes, I will fulfill that promise to Nigerians.”
President Tinubu reiterated that Nigeria is ready for business, assuring the Shell management and other investors of his administration’s willingness to maintain an open-door policy and address their concerns.
“We are open for business. We are serious. I give you the assurance of consistency in policy,” he said.
The President also assured that his government was removing all forms of bottlenecks in order to ensure Nigeria becomes an attractive investment destination.
Responding, Ms Yujnock disclosed that Shell Petroleum Development Company of Nigeria Limited (SPDC) is willing to ramp up investment in the country especially in the areas of gas and deep-water assets by pumping in billions of dollars.
She applauded Tinubu for an ”incredibly strong start” while expressing optimism that the “bold” steps taken by the government would renew Nigeria’s pride of place as an investment destination.
Yujnock noted that Nigeria remains a strategic investment country for the company in view of the long history between the two entities and the prospects held by the county’s oil and gas sector,