A Review of the Nigerian Energy Industry

Techno Oil restates commitment to corporate social responsibility

Techno Oil 210 December 2013, Lagos – Techno Oil Limited has restated its avowed commitment to the execution of corporate social responsibility (CSR) projects to give back to its host communities and reduce unemployment in the country.

Speaking on the company’s recent donation of multi-million naira information communication technology (ICT) centre and classroom blocks to Community Secondary School, Isingwu in Umuahia North Local Government Area of Abia State, the Executive Vice Chairman of the company, Mrs. Nkechi Obi stated that the project was in response to the call by the Governor of Abia State, Mr. Theodore Orji on public-spirited individuals and corporate bodies to invest in youth empowerment.

She said the company’s focus was not all about making profit but giving back to its host communities, stressing that the company’s CRS was focused on education.

“We are very focused on it and very passionate about it. That is why we continue to be consistent in providing infrastructure for schools. It is our humble way of reducing unemployment,” she said.

Also speaking, the Head of Strategy and Corporate Services at Techno Oil, Mr. Ken Abazie, said the project was conceived after extensive consultations with the Abia State Government.

He said the project would be of immense benefit not only for the school in Isingwu, but also for the neighbouring schools in Ossah, Ibeku, Ohiya and Amachara communities all in Umuahia North Local Government Area.

Abazie stated that in 2009, Techno Oil initiated the “Adopt-a-School” programme in partnership with the Federal Government and the state ministries of education, to promote basic education for indigent students.

He said the initiative made the company to adopt Dr. Lucas Memorial High School at Kirikiri, Ajegunle in Olodi Apapa area of Lagos, where it built a state –of-the-art ICT centre.

Abazie said the company also reconstructed run-down hostel facilities at Boys High School, Agulu in Anaocha Local Government Area of Anambra State.

According to him, the latest project in Abia State, consists of model blocks of classroom to accommodate 30 students in each class room.

He noted that the facilities would boost ICT learning with no fewer than 30 work stations, with internet access, backed with a 20KVA generator “to take the people of the community to the next level.”

“At Techno Oil, our CSR activities are anchored irrevocably on the need of the target community and the schools in focus to improve the quality of education in our country. We strongly believe that a well-informed society is one that can make an informed decision – the reason we have invested millions of naira touching lives since the past 16 years,” he said.

On the profitability of the company’s operations, Abazie said the marketing strategy of the company had continued to generate steady cash-flow with year-on-year increase in profitability to the shareholders.

– Ejiofor Alike, This Day

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