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SNEPCo Calls For Diversification Roadmap In Nigeria



The managing director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, has identified economic diversification as a panacea for job creation and rapid economic growth of Nigeria. He spoke at the just-concluded annual conference and exhibition of the Nigeria Council of the Society of Petroleum Engineers (SPE) where Shell Companies in Nigeria bagged the award for best exhibitor, beating to the second and third positions, Chevron and Exxon Mobil respectively.

Speaking on the conference theme: ‘Diversification of the Nigerian Economy – The Oil & Gas Industry as an Enabler,” Ojulari called for a diversification roadmap bearing the commitment signature of major stakeholders in the Nigerian project.

“With such a roadmap, we are able to track performance year-in year-out while remaining focused.For Nigeria to diversify its economy, it must leverage the low hanging fruits such as agriculture, petrochemicals, which use gas as its feedstock and most importantly, education and technology,” he advised.

At the awards ceremony, two Shell staff, Oghogho Effiom, and Stella Egwim, received the SPE Nigeria Chairman Medallion awards, while 10 other Shell staff got Service awards. The awards demonstrate a strong Shell participation at the 2018 SPE conference at which 20 technical papers were delivered by Shell staff out of 150 papers constituting about 13 per cent from Shell.