The Federal Government has said that it is not going to impede legitimate business transactions in the oil sector and won’t waste time to approve the two point four billion dollars onshore asset sale of Shell.
He, however, pointed out that this would be based on the fact that the oil major provides the necessary documents.
Shell, a British energy major, recently announced that it had reached an agreement to sell its Nigerian onshore subsidiary – Shell Petroleum Development Company of Nigeria Limited, to Renaissance for $2.4bn after about a century of operations in the Niger Delta.
Speaking on the sidelines of the World Economic Forum in Davos, Switzerland, Lokpobiri addressed Shell’s decision to sell its onshore assets to the consortium of five Nigerian and international companies.
According to a statement issued in Abuja on Thursday by his media aide, Nneamaka Okafor, Lokpobiri affirmed the Federal Government’s commitment to fostering a business-friendly environment in the oil and gas sector.
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