A consortium of leading oil companies, including Waltersmith Group, led by Nigerian businessman Abdulrazaq Isa, has agreed to pay $2.4 billion for Shell Plc's
The British multinational energy giant Shell is under constant scrutiny over its operations in Nigeria and pollution, especially in the oil-rich Niger Delta.
Delaying the transaction will only impact the growth of the industry, and Nigeria stands to serve as an example of how the successful transfer of oil assets from an international major to local players can advance the industry.
The recently announced Shell assets sale in Nigeria have some notable Nigerian billionaires and a Gabonese among the consortium members behind the deal.
Nigeria - Shell's Divestment Plan Sparks Debate allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.