September 17, 2020

Shell’s Nigerian businesses made direct social investments of $40 million in Nigeria

In 2019, Shell’s Nigerian businesses – SPDC, SNEPCo and SNG – made direct social investments of $40 million in Nigeria, making the country the largest concentration of social investment spending in the Shell Group.

Shell’s Nigerian businesses made direct social investments of $40 million in Nigeria yerenwgsnews

This was recently revealed in the Nigeria Briefing Notes released by Shell which updates on activities and programmes undertaken by several Nigerian companies either wholly-owned by Shell or in which Shell has an interest.

Together these are referred
to as the Shell Companies in Nigeria (SCiN).

Four of these are:
■ Shell Petroleum Development Company of Nigeria Limited (SPDC); a wholly-owned Shell subsidiary, which operates an unincorporated joint venture (SPDC JV) in which SPDC holds a 30% interest.
■ Two other wholly-owned Shell subsidiaries; Shell Nigeria Exploration and Production Company Limited (SNEPCo) and Shell Nigeria Gas Limited (SNG).
■ And Nigeria Liquefied Natural Gas (NLNG) Limited; an incorporated joint venture in which Shell has a 25.6% interest.

Nigeria is a thriving and vibrant country, offering opportunities for people to
improve their livelihoods.

The scale of the opportunity is mirrored by the scale of the challenges to provide affordable energy, education, healthcare and conditions for local businesses to grow.

In 2019, Shell’s Nigerian businesses – SPDC, SNEPCo and SNG – made direct social investments of $40 million in Nigeria, making the country the largest concentration of social investment spending in the Shell Group.

These investments were in
■ Access to affordable healthcare.
■ Supporting education.
■ Enterprise support.
■ Accelerating access to energy.
■ Assistance and safety.

Shell Companies in Nigeria have invested in healthcare and education initiatives in Nigeria for decades and they continue to support a range of programmes.

The companies undertake two types of social investment activities:
■ Direct social investment across Nigeria, which focuses on community and enterprise development, education, community health, access-to-energy, road safety and since 2018, biodiversity.
■ Community-driven development programmes and initiatives in the Niger Delta, which focus on various themes as determined by benefitting communities and delivered through a Global Memorandum of
Understanding (GMoU).

There are 39 active GMoUs in Abia, Bayelsa, Delta, Imo and Rivers States.

In 2019, three new GMoUs
were deployed and 10 GMOUs renewed.

The GMoUs provide a secure five-year funding for communities to
implement development projects of their choice.

GMoU projects cover community health, education, enterprise development and social infrastructure, such as improved water and power supply, and sanitation.

Since 2006, a total of $252 million has been disbursed to communities through these GMoUs.

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