Shell Plc has announced plans to invest up to $20 billion in new oil and gas projects in Nigeria, signaling strong confidence in the country’s energy industry. The investment will focus on expanding deepwater offshore operations, including the Bonga South-West oilfield.
Officials say the move is supported by recent government reforms designed to attract foreign investment, create jobs, and boost local supply chains. President Bola Ahmed Tinubu and Shell executives met recently to discuss the incentives and opportunities for collaboration.
The project is expected to generate thousands of jobs and stimulate economic activity over the next two decades, reinforcing Nigeria’s position in the global energy market.
