Buhari’s hasty comment on Shell $20b proposal
If you sincerely believes Shell will be investing $15b in Nigeria under Buhari”s presidency, then I built a bridge I have to sell in Edoji!
Please read this Shell official report in 2004.
The company explained that its annual capital spending levels would increase to 15 billion dollars (12.2 billion euros) from 2004 to 2006 — of which 11.5 billion is for upstream operations — from 14.3 billion in 2003.- GLOBAL ANNUAL SPENDING
And so we should put things in proper persepective in view of the presidency press statement that Buhari is holding talks with with the Chief Executive Officer of Royal Dutch Plc, Mr Ben van Beurden, in connection with Shell and other partners’ plan to invest $15b in Nigeria’s oil industry.
According to the presidential aide, these investment ventures will lay the foundation for the next 20 years production and domestic gas supply. – A 20 YEARS PLAN.
When a Nigerian president talks I don’t give it much weight.
It’s similar to when then President Goodluck Jonathan declared in Paris France that Boko haram is affiliated to Al qaeda without one shred of evidence.
President Buhari talks even more flipantly!
So the 20b dollar stuff is mere propaganda.
What happened to all the Chinese $20b deals/promises that year. All Na propaganda, to distract us from the Lazy statement!
Because it was a Lie. We had $20b in 2016, $25b in 2017 and $15b in 2018.
Shell-BP Never made such promise. Kindly Check their website.
An intelligent president does not wade into preliminary negotiations with investors.
Jonathan never entered into such stupid agreements. His experts negotiates to the later before he gets involved. On the contrary, the Lazy illiterate Buhari will start the negotiation and it crashes midway.
See the president jumping UPANDAN on April 8 this year.
A statement from the presidency has said that President Muhammadu Buhari will depart Abuja on Monday for an official visit to the United Kingdom, Channels TV reports.
The President will hold discussions on Nigeria – British relations with UK Prime Minister, Theresa May, prior to the Commonwealth Heads of Government Meetings scheduled for April 18 to 20.
He is also expected to meet with the Chief Executive Officer of Royal Dutch Plc, Mr Ben van Beurden, in connection with Shell and other partners’ plan to invest $15b in Nigeria’s oil industry.
According to the presidential aide, these investment ventures will lay the foundation for the next 20 years production and domestic gas supply, bringing with it all the attendant benefits both to the economy and the wider society.
When Buhari came back from China in 2016 or so, they similarly jumped upandan like excited little kids that he’s bringing back billions of dollars. Till today, whosai! Let Shell go and clean up Ogoniland first…