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Shell Group of Companies in Nigeria
spent no less than $195.5 million (N39
billion) on social investments in the
country in 2015, the Managing Director
Mr Osagie Okunbor said on Sunday in an
interactive session with newsmen in
According to him, $145.1 million of this
amount was paid to the Niger Delta
Development Commission (NDDC) as
required by law. Another $50.4 million
was expended on social investment
projects by the Shell Petroleum
Development Company of Nigeria
(SPDC) Limited operated by Joint
Venture and Shell Nigeria Exploration
and Production Company (SNEPCo).
Okunbor said these high levels of
spending have not come about by
accident, as Shell and its partners
believe they can make a real difference
in the lives of Nigeria, and have,
therefore, targeted its investments at
the community and enterprise
development, education and health.
“Of course, we cannot take the place
of government but we are keen to play
our part in the development of a
country we’ve been part of for more
than 50 years,” he said.
He promised that the Shell Group
would continue with its contributions
to developing the country’s human
and contracting capacities. He said that
$900 million had also been spent on
local contracting and procurement.
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