Shell Petroleum Development Company (SPDC) delegation led by the Global Upstream Director, Ms Zoe Yujnovic, visited President Bola Ahmed Tinubu at the State House, Abuja on Monday, applauding him for his bold and strong start in office.
Ms Yujnock described as “incredibly strong start” of the Tinubu presidency and expressed the confidence that the “bold” steps taken by the government would renew Nigeria’s pride of place as an investment destination.
Yujnock noted SPDC was willing to step up investment in the country especially in the areas of gas and deep-water assets by injecting billions of dollars.
She also noted that Nigeria remains a strategic investment country for the company given the long history between the two entities and the prospects the county’s oil and gas sector represented.
Responding, President Tinubu assured the business community of his government’s commitment to policy consistency and better business climate to attract investment.
President Tinubu said Nigeria welcomed the SPDC’s offer for more investments in the country’s oil and gas sector, adding that such investments are needed now more than ever, to enable Government meet its obligations.
He recalled that attracting fresh investment was a promise he made personally to Nigerians, assuring that he would fulfill the promises.
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.
