President Bola Tinubu and Shell Plc have held high-level discussions on a potential $20 billion investment in Nigeria’s oil and gas sector. The talks, which took place at the Presidential Villa in Abuja, focused on expanding Shell’s operations in the country, including offshore oil and gas projects.

Shell CEO Wael Sawan praised recent policy reforms that have improved Nigeria’s investment climate and outlined the company’s plans to boost capital spending on projects such as the Bonga South West deepwater development. If approved, the investment would mark a major expansion of Shell’s footprint in Nigeria, supporting job creation, gas supply, and local content development.

President Tinubu emphasized the government’s commitment to creating an enabling environment for investors, with incentives tied to new production and long-term growth. Both parties expressed optimism that the collaboration will strengthen Nigeria’s energy sector and attract further foreign investment.