A Review of the Nigerian Energy Industry

Shell to spend N2bn on Centenary projects in Nigeria

Shell-facility04 November 2014, Lagos – Shell has announced plans to carry out three developmental projects in Nigeria, worth about N2 billion, to mark Nigeria’s 100 years of nation hood.

The projects, according to a statement by the company, are a 200-seater library in Port Harcourt, Rivers State, a health project at Oloibiri, Bayelsa State and upgrade of athletics infrastructure in five secondary schools in Delta State.

Mr. Mutiu Sunmonu, Managing Director, Shell Petroleum Development Company, SPDC, and Country Chair, Shell Companies in Nigeria, said Shell is implementing the library and health projects exclusively, and funding 30 percent of the cost of the athletics infrastructure upgrade through its share in the SPDC Joint Venture, with the other partners, NNPC, Total and ENI providing the rest of the funding for this project.

He said,”The projects show our commitment to a long-term future for Nigeria. We are pleased that the projects will deliver significant benefits to the people, and help boost literacy, healthcare and youth empowerment, in line with our robust programme of social investments in Nigeria.”

Sunmonu formally unveiled the three centenary projects at a road show on sustainable development organised in Abuja by SPDC, saying that the projects are being overseen by implementing partners, the Port Harcourt Literary Society, Federal University, Utuoke and Africare, Nigeria.

Speaking on the development, Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Joseph Dawha, represented by the Group Executive Director, Gas & Power, Dr. David Ige, commended the implementation of the centenary projects and the social investment interventions of Shell and the NNPC/SPDC Joint Venture.


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