Chevron Invests $1.45bn In Nigerian Content Development – Report

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Chevron Nigeria Limited (CNL) says it invested $1.45 billion in Nigerian Content Development (NCD) in 2019.

The oil major made the disclosure in its 2019 Corporate Responsibility Report, which was obtained by the News Agency of Nigeria (NAN) in Lagos on Tuesday.

The report said to demonstrate its commitment to NCD, Chevron Nigeria’s local content policy had been updated, such that it gave contracting preference to competent Nigerian companies.

Chevron Nigeria,nigerian content development

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The document added that the policy also promoted technology transfer.

It said :”Our investment in Nigerian content in 2019 was approximately $1.45 billion.

“Of this amount, expenditure on materials and services obtained from local community contractors was approximately $358 million.”

The report listed projects executed by Chevron Nigeria and its indigenous partners to include Escravos Export System Project and Okan Gas Gathering Compression Platform (GCCP) Debottlenecking project.

It said other projects executed were the Meji GCCP Debottlenecking project and Consolidated Maintenance Workshop project.

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According to the report, 184 Nigerians benefited from quality training valued at over $5 million in technical and professional skills in 2019.

It said the company, with the support of the Nigerian Content Development Monitoring Board (NCDMB), also trained over 200 community contractors to build local capacity and strengthen indigenous participation in the oil and gas industry.

Commenting on the report, Mr Jeffrey Ewing, Managing Director, Chevron Nigeria, said the company was focused on operational excellence and helping its host communities prosper.

“We are committed to continually improving the quality of life of the people of Nigeria through our social investments and community engagement activities, ” Ewing said.

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Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

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