By Dulue Mbachu – Oct 4, 2012 4:43 PM GMT+0100
Nigeria has the scope for at least $400 billion of spending in the oil, gas and power industries provided the environment for investment improves, said Bernard Bos, Royal Dutch Shell Plc’s (RDSA) vice president for finance and strategy in sub-Saharan Africa.
The lack of attractive terms for investment means money that should have come to Nigeria is going to other African countries and Australia, Bos said at an investment conference today in Lagos, the commercial capital.