L
LequteMan
Guest
Vice President, Nigeria and Gabon Shell Up-stream, Marcus Droll has warned that unless there is stability in the fiscal environment in the country's oil sector, investments could dry up fast with production levels declining shortly afterwards.
Due to the recent fall in global price of crude oil Nigeria’s government has experienced fall in revenue generated as the economy is oil dependent.
Droll said what is required to grow the sector is fiscal stability and predictability.
He however assured that the company was optimistic about the economy of the country, as long term trends showed that it would continue to grow and diversify.
#Nigeria #Shell
Due to the recent fall in global price of crude oil Nigeria’s government has experienced fall in revenue generated as the economy is oil dependent.
Droll said what is required to grow the sector is fiscal stability and predictability.
He however assured that the company was optimistic about the economy of the country, as long term trends showed that it would continue to grow and diversify.
#Nigeria #Shell
