Shell Nigeria Exploration and Production Company (SNEPCo) says Nigeria can build a sustainable energy future for its growing population by maintaining reforms, attracting investment and strengthening partnerships across the sector.
SNEPCo Managing Director Ronald Adams made the case in a keynote address at the fourth Africa Energy Conference, hosted by Lagos Business School in Lagos. The conference focused on policy reform, capital mobilisation and pathways to a sustainable power and energy market.
Adams called for clearer and more predictable regulation, effective implementation of reforms and conditions that allow energy projects to move more quickly from planning to production. He also urged closer cooperation among operators, regulators, NNPC Limited and host communities.
He said Nigeria’s oil and gas resources offered significant potential, but resources alone could not deliver prosperity. Investment, technology, sound policies and disciplined execution were also necessary, he said.
Adams reaffirmed Shell’s support for Nigeria’s energy development, pointing to the company’s more than six decades of activity in the country. He cited the Bonga deepwater project as an example of the results that technology, partnership and Nigerian expertise can achieve, and said that work was continuing through Bonga North.
“The countries that attract investment tomorrow are those that improve competitiveness today,” Adams said, urging stakeholders to sustain reform momentum and turn projects into growth and shared prosperity.
Lagos State Deputy Governor Obafemi Hamzat represented Governor Babajide Sanwo-Olu at the conference, which brought together government officials, industry executives, energy professionals and students. SNEPCo was a principal sponsor and presented an exhibition on its deepwater operations and social investments in Nigeria.