Home News Shell’s Contribution to NDDC Hits $142.5m in 2023
News

Shell’s Contribution to NDDC Hits $142.5m in 2023

Share
Shell Set to Return to Delta
Share

Shell Petroleum Development Company Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo), contributed $142.5 million to the Niger Delta Development Commission (NDDC) in 2023.

The contribution was revealed in a statement issued on Wednesday by Igo Weli, SPDC Director and Country Head, Corporate Relations and signed by the Manager in charge of Communications, Media and Non-governmental Organisations (NGO) Relations, Bamidele Odugbesan.

In it, Weli stated that the payment represents a substantial increase from the previous year’s contribution of $79.77 million.

He explained that the SPDC paid $112.5 million, while SNEPCo remitted $30 million, demonstrating their commitment to supporting the development of the Niger Delta region.

According to him, the contributions were part of the companies’ statutory obligations to the NDDC, made on behalf of themselves and their partners, including NNPC, TotalEnergies EP Nigeria Limited, NAOC, and Esso Exploration and Production Nigeria Limited.

READ ALSO: Shell Supplies 475,000 Barrels Of Crude Oil To Port Harcourt Refinery

He said:
Our support for NDDC is part of our aspirations for the development of the Niger Delta which has also seen a wide range of social investments, including health and education.

“With the continuous support of our partners, we will continue to discharge our obligations to communities through statutory payments to agencies and projects executed in partnership with stakeholders.”

Shell Companies in Nigeria have a long history of supporting community development programs, dating back to the 1960s, and have positively impacted many lives.

Their support for education has led to numerous scholarships and grants, while their Health-in-Motion program has provided free medical services to over one million individuals since its inception.

The statement further confirmed that their entrepreneurship program, Shell LiveWIRE has supported 73 businesses, creating 97 employment opportunities for Nigerians.

 

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
TikTokers Arrested, Jailed Over Illicit Contents In Kano | Daily Report Nigeria
News

TikTokers Arrested, Jailed Over Illicit Contents In Kano

A court of law in Kano state has got many talking, after...

UNILORIN Disburses ₦372.28 Million in Loans to 2,973 Students | Daily Report Nigeria
News

UNILORIN Disburses ₦372.28 Million in Loans to 2,973 Students

The University of Ilorin has disbursed ₦372.28 million in loans to 2,973...

Obasa takes his seat as the re-elected Speaker
NewsPolitics

Power Pass Power? Obasa re-elected as Speaker, Mojisola reisgns

Impeached speaker Obasa returns as Speaker of Lagos State House of Assembly....