Nigeria in Stiff Competition for Investments — Shell

Shell has stated that Nigeria is facing intense competition for foreign investments, as global energy firms increasingly weigh their options across various emerging markets. Speaking at an industry forum, Shell executives emphasized that while Nigeria remains a key player in the oil and gas sector, policy uncertainties, infrastructure challenges, and security concerns are affecting investor confidence.

According to Shell, countries with more stable regulatory environments and attractive fiscal policies are drawing significant capital away from traditional investment hubs like Nigeria. The energy giant highlighted the need for improved business conditions, including streamlined approval processes, security enhancements, and competitive tax structures, to retain and attract investors.

Despite the challenges, Shell reaffirmed its long-term commitment to Nigeria, citing the country’s vast energy resources and potential for growth in both oil and gas and renewable energy sectors. The company also acknowledged recent government efforts to enhance investment conditions but stressed that more concrete actions are needed to remain competitive.

Industry analysts echo these concerns, noting that Nigeria must urgently address issues such as crude oil theft, infrastructure deficits, and bureaucratic bottlenecks to maintain its position as a top investment destination. As global energy dynamics evolve, stakeholders are urging swift policy reforms to ensure Nigeria remains attractive in the increasingly competitive investment landscape.