Shell Companies in Nigeria, SCiN, has disclosed that 100% of his contracts worth $ 800 million went to Nigerian companies in 2020.
Mr Osagie Okunbor, Country President, SCiN, revealed this during a panel discussion at the Association of Energy Correspondents of Nigeria, NAEC, International Strategic Conference 2021, Tuesday in Lagos.
The theme of the conference was: “Oil Industry Law: Energy Transition and the Future of Nigeria’s Oil and Gas”.
Okunbor, represented by Ed Ubong, Managing Director of Shell Nigeria Gas, SNG, said there was a need to work on capacity building in the country.
According to him, this will allow local industries to enter the supply chain and participate more aggressively.
He said, “We need to reduce the industry’s dependence on imports and create new markets in the country.
“At Shell, we recognize that local content is essential to survive a post-pandemic COVID-19 world and Shell will continue to invest in this space.
“We remain committed to building capacity and skills in the country to enable more Nigerians to participate directly and indirectly in the gas value chain and inject more money into the local economy by supporting Nigerian businesses. .
“Shell helps Nigerian companies obtain the necessary certification for their products and services to ensure that they are qualified for tenders and contracts for the supply of goods and services across its operations and in the Nigerian oil and gas sector.
“In 2020, 100% of SCiN contracts, worth $ 800 million, were awarded to Nigerian companies.
“SCiN has also provided access to nearly $ 1.5 billion in loans to 764 Nigerian suppliers under the Shell Contractor Support Fund since 2012.”
Mr. Okunbor said the loans helped improve their bidding opportunities.
He said Shell was also investing in a gas portfolio that would increase supply to Nigerian and international customers through an expanding network of factories, pipelines and export terminals.
Mr Okunbor said they are being developed with joint venture partners, the Nigerian government and communities.
He said: “The exploitation of our vast gas resources is the key to the development of the country.
“Natural gas enables us to lift millions of people out of fuel poverty, empowering them to improve their physical health, well-being and standard of living.
“It also paves the way for economic growth and development for us.
“This is not only through the direct exploration and trade of gas resources, but by providing reliable power to the manufacturing and industrial sectors which are the main engines of growth in developing economies.”