Shell Awards $1.98 Billion Contracts to Nigeria’s Local Firms in 2023

Shell plc, a British multinational oil and gas company headquartered in London, has announced that its units in Nigeria awarded remarkable $1.98 billion worth of contracts to Nigeria’s companies in 2023. This figure represents a 3% increase compared with 2022, marking a steady commitment by the British oil giant to foster local business development and strengthen its operations in the nation of West Africa.

The key entities behind these significant contract awards were the Shell Petroleum Development Company of Nigeria Ltd. (“SPDC”), Shell Nigeria Exploration and Production Co. Ltd. (“SNEPCo”) and Shell Nigeria Gas. The contracts cover...

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