Abuja, Jan. 18, 2024 – Heineken Lokpobiri, the Minister of State for Petroleum Resources, says Shell’s diversification plans will not affect Nigeria negatively.
He said rather, Shell’s decision would only create opportunities for indigenous companies with the capacity to acquire and professionally manage these assets
Shell announced its decision to sell its onshore assets to a consortium of five Nigerian companies earlier this week.
The minister said Nigeria would speedily consent to the Shell offshore assets sale upon the presentation of the necessary documentation to the government.
He was reacting to Shell decision on the sidelines of the World Economic Forum in Davos, Switzerland
Lokpobiri said the federal government would not impede legitimate business transactions in the oil and gas sector.
“On the part of the government, once we get the necessary documents, we will not waste time to give the necessary considerations and consent.”
He affirmed the Nigerian government’s commitment to fostering a business-friendly environment in the oil and gas sector. (GBN)
