- Safiu Kehinde
Vice President Kashim Shettima has on Monday commended the investments of Shell in Nigeria as he visited the company’s exhibition stand at the opening of the 31st Nigerian Economic Summit (NES) in Abuja.
This was made known in a statement issued by the company following the conclusion of the summit’s first day.
According to the statement, the exhibition complements the participation of Shell in the summit and features the operations of Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Shell Nigeria Gas (SNG), All On and Daystar Power.
Shettima who had earlier declared the summit open on behalf of President Bola Ahmed Tinubu, approached the Shell stand at the exhibition centre.
He was briefed on the contributions of the companies to the economic development of Nigeria, especially the energy sector.
Shettima was accompanied by the Minister of Finance, Wale Edun; the Minister of Trade and Investment, Jumoke Oduwole; and the Emir of Kano, Sanusi Lamido Sanusi.
The Vice President said he was impressed with the investments of Shell in deep-water including the $5-billion Bonga North development.
Business Value Manager, Chidi Nkazi, who conducted the VIPs round the exhibition stand, also highlighted the impact of Shell’s social investments in health, education and employment generation.
“Every year our operations generate revenues which are used to finance development,” Chidi said.
He further disclosed that Shell Companies had in 2024 paid a total of $1.209 billion in taxes and royalties.
“In 2024 alone, Shell Companies in Nigeria paid $1.209 billion in taxes and royalties to the Federal Government.” He added.