Home / News / NDDC received $142 million from Shell Nigeria, Partners in 2023

NDDC received $142 million from Shell Nigeria, Partners in 2023

A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo). SPDC paid $112.5 million while SNEPCo remitted $30 million compared to $59.04 million by SPDC and $20.73 by SNEPCo in 2022.

The contributions came from the Shell companies on behalf of themselves and their respective partners –.  Nigerian National Petroleum Company Limited (NNPC); TotalEnergies, EP Nigeria Limited; NAOC; and Esso Exploration and Production Nigeria Limited – as statutory contributions to the interventionist agency.

“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,” SPDC Director and Country Head, Corporate Relations Igo Weli said. “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 supported community development programs in the country since the 1960s, benefitting many Nigerians.

Support for education has led to the award of more than 3,450 secondary school grants, 3,772 university grants, and 1,062 cradle-to-career scholarship grants since 2016.

Another investment has seen the introduction of the Health-in-Motion program, providing free medical services directly to communities. Over one million individuals have benefited from the program since its inception in the early 2000s. Also, the global Shell LiveWIRE entrepreneurship program supported 73 businesses through training and mentorship programs leading to 97 employment opportunities for Nigerians.

 

 

About Gladys Johnson

Gladys Johnson The Publisher/Editor-In-Chief Global Business Drive Phone: +13465619347 Email: info@globalbusinessdrive.com gladysjohnsonmedia@gmail.com gladys@globalbusinessdrive.com globalbusinessdrive@gmail.com

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