Shell has identified sustained policy reforms, increased investment and stronger industry partnerships as key measures Nigeria needs to secure its energy future and accelerate economic growth.
Key Highlights
- Shell says policy reforms and increased investment are crucial to Nigeria’s energy future.
- SNEPCo Managing Director Ronald Adams calls for regulatory certainty and an investment-friendly environment.
- Stronger collaboration among operators, regulators, NNPC Limited and host communities is needed to unlock Nigeria’s oil and gas potential.
- Shell highlights the Bonga deepwater project as an example of technology, partnership and Nigerian expertise.
- Adams warns that global competition for energy investment is intensifying.
- The remarks were delivered at the fourth Africa Energy Conference organised by Lagos Business School.
Shell Calls For Stronger Energy Sector Reforms
Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo), Ronald Adams, outlined the recommendations at the fourth Africa Energy Conference organised by Lagos Business School in Lagos.
Shell’s Communications Manager, Gladys Afam-Anadu, disclosed this in a statement made available to journalists on Monday.
Delivering the keynote address, Adams said Nigeria needs regulatory certainty, effective implementation of reforms and an investment-friendly environment to accelerate the development of its energy resources.
He also stressed the importance of stronger collaboration among industry operators, regulators, NNPC Limited and host communities to unlock the value of the country’s oil and gas resources.
According to him, Nigeria’s abundant natural resources alone cannot guarantee prosperity without investment, technology, sound policies and effective implementation.
“Resources alone do not guarantee prosperity. Prosperity comes when resources are matched with investment, technology, sound policy and disciplined execution,” he said.
Adams added that Nigeria’s economic progress would depend on its ability to translate its natural resources into investment and sustainable growth.
“Success will be determined not by the size of our resources, but by our ability to convert them into investment and economic growth,” he said.
Shell Reaffirms Commitment To Nigeria’s Energy Development
Adams reaffirmed Shell’s commitment to supporting Nigeria’s energy development, noting that the company had contributed to the country’s energy sector for more than six decades.
He said Shell and its partners had helped develop major energy infrastructure, supported Nigerian businesses, invested in talent development and contributed to economic growth.
The SNEPCo managing director maintained that continued cooperation between industry stakeholders would be essential to maximising the benefits of Nigeria’s oil and gas resources.
Bonga Project Highlights Nigeria’s Deepwater Potential
Adams cited the Bonga deepwater project as an example of what technology, collaboration and Nigerian expertise could achieve in the energy industry.
“Bonga remains a powerful example of what technology, partnership and Nigerian capability can achieve in deepwater operations. Today, that story continues through Bonga North,” he said.
The project, he noted, illustrates the role of technological innovation and partnerships in developing Nigeria’s offshore energy resources.
Read also:
- Shell Reaffirms Commitment To Safety At Contractor’s CEO Forum,
- Elohor Aiboni Makes History as First Female Shell Nigeria Country Chair, Replaces Marno de Jong
- Shell Awards $518m Contracts To Indigenous Firms In 2025
Shell Warns Nigeria Over Global Investment Competition
Adams urged stakeholders to sustain the momentum of ongoing reforms, warning that competition among countries for energy investment was intensifying amid rapid technological advancement.
“The world is not standing still. Capital is moving, technology is advancing, and competition is intensifying,” he said.
He added that countries seeking to attract investment must improve their competitiveness and create conditions that encourage investors to commit capital.
According to Adams, Nigeria must turn policy reforms into viable projects, translate those projects into economic growth and ensure that the benefits contribute to shared prosperity.
Africa Energy Conference Focuses On Nigeria’s Energy Future
The fourth Africa Energy Conference was held under the theme, “Securing Nigeria’s Energy Future: Policy Reform, Capital Mobilisation, and Pathways to a Sustainable Power and Energy Market.”
The conference brought together government officials, industry leaders, energy professionals and students to discuss policy reforms, investment and strategies for developing Nigeria’s energy sector.
The discussions centred on the role of effective policies, capital mobilisation and collaboration in strengthening the country’s energy market and supporting long-term economic development.
For more oil and gas updates and breaking news, follow us on X.
