Shell Nigeria has announced plans to allocate 90 percent of its contracts to indigenous companies, reinforcing its commitment to boosting local participation in the oil and gas sector.
Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo), Elohor Aiboni, disclosed this during a stakeholders’ engagement, stating that the move aligns with Nigeria’s Local Content Act and the company’s vision for sustainable development.
According to Aiboni, the decision will empower Nigerian-owned firms, enhance job creation, and build local capacity to compete globally in the energy industry. She noted that Shell had already achieved significant milestones in local content development and was working closely with the Nigerian Content Development and Monitoring Board (NCDMB) to further increase indigenous involvement.
“This is not just about meeting regulatory requirements; it’s about creating opportunities for Nigerians to play a leading role in the oil and gas value chain,” Aiboni said.
Industry experts have welcomed the announcement, describing it as a boost for the country’s economy and a pathway to reducing reliance on foreign contractors.
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