The Shell Petroleum Development Company yesterday said that it would be expending about $15 billion across 24 oil and gas projects in Nigeria in the next five years.
Okunbor added that when completed, the ongoing projects, in the next five years, were capable of generating thousands of jobs in the industry and cited the Assa North, Ohaji project in Imo State as capable of generating 1,200 megawatts and powering over 1.2 million Nigerian homes. “We have an investment portfolio of over $15 billion over the next five years. Shell’s investments will bring huge benefits to the country and its people in terms of contracts and jobs” he said.
“Benchmark for all these projects is to meet and where possible surpass the 70% Nigerian Content target. Employment opportunities are huge, not to mention the spin-off in allied services.”
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