Chevron Spends Over $10bn On Local Content In Nigeria

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Chevron Nigeria Limited on Monday disclosed that it has spent over $ 10 billion on Local content in Nigeria in the past 10 years.

The Manager, Communications, Chevron, Dr Victor Anyaegbudike, explained that the company takes local content development seriously and is committed to ensuring the development of indigenous talents and capacities for the continued growth of the oil and gas industry in the country.

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He spoke during a capacity building of the company with some journalists under the auspices of the Energy Correspondents Association of Nigeria (NAEC) in Lagos on Monday.

He explained that the company has discovered, nurtured and developed many local talents and capabilities.

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Anyaegbudike said: “We continue to look at the Nigerian content as the way to go. We promote indigenous participation in the industry. Every year, Chevron has spent one billion dollars to ensure that we face all the issues that concern Nigeria.

“And some of the big names that you have heard in the recent past who are Nigerian companies that have started making it in the industry came out from some programmes of Chevron.

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“So that is our journey. In the past 10 years, we have spent over $10 billion to ensure that Nigerian projects move.”

Chief Corporate Affairs Officer/General Manager, Public Affairs, Olusoga Olusegun whos address was read by Anyaegbudike, harped on the importance of capacity building and training to advance the industry.

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He said: “We deeply appreciate the role of the media as agenda setters. As a training ground and a trusted source of information, we are also looking at you as very important partners who are promoting transparency, accountability and information dialogue in issues that relate to the oil and gas industry.

“So we recognise the complexity of the society and the energy industry where we operate, and we are not taking this training for granted. Your contribution has helped not only to deepen the public understanding of opportunities, but also to showcase some of the challenges that we have in the energy industry. So at Chevron, we believe strong relationship building and partnerships are built on mutual respect and continuous engagement.

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“This is why we continue to engage with the media, and that underpins the long-standing partnership that we have with the Nigerian media community. And so, as part of our commitment to ensuring that we build this research with the media. We look at the training of the media practitioners as very important.

“We thought that it is important for us to advance this particular programme by involving many more people to participate, because in Pan-Atlantic, they can only take 12 people or so for one programme. So we have decided to move things around the country, and then we have, in the past four years, gone to Abuja, Asaba, Warri and Lagos.”

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Source: Business Archives – New Telegraph

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