Shell has awarded contract worth more than $2.4 billion to Nigerian companies last year, one billion dollar more than the amount in 2011, adding the local content is good for Nigerian and for the business and it is determined to raise the game, reports reaching the news desk of CEOAFRICA indicated.

      This was disclosed at an investment forum jointly hosted by Shell and the United Kingdom Trade & Investment (UKTI), as part of efforts to forge partnerships among businesses in the two countries. About 100 Nigerians and British companies attended an investment summit in Lagos recently. Furthermore, CEOAFRICA reported that some 45 British companies met with their Nigerian counterparts to discuss potential areas of collaboration in Engineering Procurement Installation Commissioning (EPIC) contracts, manufacturing, fabrication and general oil and gas services. It is expected that the partnerships resulting from the summit will help grow the capacity of Nigerian companies to provide goods and services in the oil and gas industry, as documented from BusinessDay.

 In a keynote address, Ernest Nwapa, the executive secretary of the Nigeria Content Development and Monitoring Board, commended Shell for the sustained interest in the Nigeria/UKTI investment forum. ‘’since the first summit, we’ve seen a significant number of companies participating at the event and we hope they will focus on areas that will improve their capability. It is good to see that other IOCs are beginning to follow shell’s example by organising similar engagement,’’ He said.

      In his own statement, the British High Commissioner to Nigeria, who was represented by Mike Purves, said ‘’I am overwhelmed by the quality of attendees at this event. It shows that the symbiotic commercial interest between Nigeria and Britain is profitable.’’