President Muhammadu Buhari met with Shell on Wednesday as part of talks aimed at securing $15 billion investment in Nigeria.
“I saw Shell Group, they came here, they saw me, they are preparing to invest $15 billion in Nigeria… so really, we are not doing too badly,” Buhari said.
He was speaking as part of a panel on the ease of doing business between Commonwealth countries. The meeting, according to Shell, had taken place, but did not comment on the size of the specific investment.
A spokesperson said in a statement: “Nigeria is an important country for Shell. We see good opportunities there for potential investment,” referencing its Bonga offshore oil field and the expansion of liquefied natural gas as examples of this. “Both projects are subject to a future final investment decision and we continue to work with our partners and the government towards that in each case.”