Kachikwu urges Shell to invest in power sector

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Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has urged oil giant, Royal Dutch Shell to explore the numerous opportunities that exist to invest in Nigeria’s lucrative power sector, Nigerian Voice reports.

Kachikwu made this call during a working visit to the Shell Headquarters in The Hague, Netherlands, in furtherance of his commitment to achieve key aspirations of the 7BigWins initiative. The Shell team led by the Global Upstream Director, Andrew Brown assured that collaborations to close up gaps seen in the industry and creating bridges by resource shares and collaborations are front burners in Shell’s developmental plan for Nigeria.

Peter Costello, Shell’s Vice President for Nigeria and Gabon, also lauded Kachikwu’s leadership with respect to the solutions brought to bear on the Joint Venture Challenges. Distributive renewables, gas flare harvesting and subsequent power generation for host communities are some key initiatives that Shell has indicated their willingness to explore and fully implement.