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🇳🇬 Shell Approves $2 Billion Offshore Gas Project in Nigeria — A Major Boost for the Nation’s Energy Future

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Global energy giant Shell Petroleum Development Company (SPDC) , in collaboration with Sunlink Energies , has officially approved the development of a new $2 billion offshore gas project in Nigeria. This project, named the HI Gas Field Development , is a landmark step in reviving Nigeria’s oil and gas fortunes and a strong signal of renewed investor confidence in Africa’s largest energy producer. 🔹 A Bold Step in the Offshore Frontier The HI gas field, located in Oil Mining Lease (OML 144) roughly 50 kilometers offshore the Niger Delta coast, is expected to produce about 350 million standard cubic feet of gas per day at peak capacity. Shell holds a 40% stake in the project, while its partner Sunlink Energies retains 60% . The gas will be supplied primarily to Nigeria LNG (NLNG) and other domestic offtakers, helping to meet Nigeria’s rising energy demand. According to project details released by Shell on Monday, the development will include a combination of subsea wells , of...
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Lagos Launches West Africa’s Largest Safety Footwear Factory

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In a groundbreaking step toward industrial growth and local manufacturing, Lagos State Governor Babajide Sanwo-Olu has officially inaugurated the largest safety footwear manufacturing factory in West Africa. The state-of-the-art facility, owned by Yikodeen Footwear Company Limited, is located in the Isolo Industrial Area and marks a significant milestone in Nigeria’s journey towards industrial self-sufficiency.

Spanning over 120,000 square feet, the factory boasts the capacity to produce 5,000 pairs of safety boots daily. These boots meet international standards and are designed to serve industries such as oil and gas, construction, mining, and manufacturing—sectors that often rely on imported safety gear. With an initial workforce of 180, the factory is expected to generate even more job opportunities as production scales up, providing a boost to the local economy.

Governor Sanwo-Olu, while commissioning the facility, praised the initiative as a testament to the state’s dedication to supporting local enterprises and driving economic diversification. He emphasized that such investments are crucial for achieving Lagos' long-term development goals and reducing dependence on imports.

The factory is equipped with cutting-edge technology and automation systems, ensuring high-quality output and efficiency. It also aligns with the federal government’s broader vision for industrialization and local content development.

This launch comes at a time when the need for personal protective equipment (PPE) has become even more critical, particularly with global supply chains still recovering from disruptions. By producing PPE locally, Lagos is not only ensuring safety for workers but also strengthening national resilience.

The establishment of this footwear factory is a model of public-private synergy, showcasing how strategic investments in manufacturing can stimulate economic growth, create jobs, and boost Nigeria’s industrial capacity. As more such facilities emerge, Lagos continues to set the pace in innovation, enterprise, and sustainable development in Africa.

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