The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has welcomed Shell’s renewed commitment to Nigeria’s energy sector, expressing strong optimism about the company’s ongoing and future investments in the country.
Mr. Edun gave the assurance on Tuesday during a meeting with a senior delegation from Shell Petroleum Development Company (SPDC) Nigeria Limited, led by the Managing Director and Country Chair, Mr. Osagie Okunbor, at his office in Abuja.
The Minister applauded Shell’s continued contributions to Nigeria’s economic development and reaffirmed the administration of President Bola Ahmed Tinubu’s commitment to sustaining macroeconomic reforms, attracting long-term capital, and fostering a transparent, investor-friendly environment for both domestic and international partners.
The delegation also included Mr. Marno De-Jong, the incoming Chairman of Shell Nigeria Exploration and Production Company (SNEPCo) and Executive Vice President for Nigeria. The visit served to formally introduce Mr. De-Jong and reaffirm Shell’s strategic commitment to Nigeria in the wake of recent economic reforms under the Tinubu administration.
During the meeting, Shell confirmed its capital investment in the Bonga North deep-water project and associated infrastructure—part of a broader $5 billion commitment—marking its first major project of this nature in Nigeria in over a decade. The delegation also highlighted Shell’s recent $500 million acquisition of TotalEnergies’ stake in OML 118, further consolidating its long-term position in the country’s oil and gas sector.
Shell’s leadership attributed its renewed momentum to greater policy coherence, improved regulatory certainty, and ongoing government efforts to address legacy challenges, including those related to local content implementation.
The visit reflects growing international investor confidence in Nigeria’s economic trajectory and highlights the critical role of the private sector in advancing inclusive growth and energy security.
