Chevron Nigeria Limited said it has invested about $4 billion (N640 billion) in the Nigerian economy as at the end of 2012.
In a statement announcing the launch of its 2012 Corporate Social Responsibility Report, the General Manager, Policy, Government & Public Affairs, Mr. Deji Haastrup, also said that the company had executed projects worth more than $22.3 million through its various community development programmes.
He added that the local content value of its Escravos gas project has reached 40 per cent of the total project spend.
He said: “As at end of 2012, the Nigerian Content value of the Escravos Gas-to-Liquids (EGTL) project approached 40 per cent of project spend. This is approximately $4 billion invested in the regional economy through contracts for goods and services, employment and regulatory fees.
“In addition, projects worth more than $22.3 million were executed by the Regional Development Committees under the Global Memorandum of Understanding.”
Haastrup further disclosed that more than 18,500 people benefited from the company’s River Boat Clinic programme in 2012; while 3,924 students studying medicine, dentistry, pharmacy, engineering, medical laboratory sciences and nursing joined the Agbami Medical and Engineering Professionals Scholarship programme in 2012.
He added that Chevron contributed $375,000 to the Nigerian Conservation Foundation, NCF, in 2012, to support the Foundation’s programmes including the running of the Lekki Conservation Centre.
Haastrup further stated that Chevron has continued to focus on ‘zero incident’ objective and has implemented leading programmes to improve its performance with renewed vigor and emphasis on process safety.
He disclosed that the 2012 Corporate Responsibility Report highlights how in the past year, the company has contributed to the social and economic development of Nigeria, through effective partnerships with various stakeholders.
He further stated that the report highlights the philosophy that guides Chevron Nigeria’s long-term social investments in Nigeria and shows how ‘The Chevron Way’ guides its behavior.
Continuing, he said: “The report shows our achievements in key areas including, Stakeholder Engagement and Social Investments; Health, Safety and Environment; Human Resource Development; and Nigerian Content Development.
“We take pride in our accomplishments, and are happy to communicate the values that make us who we are and why communities where we operate welcome us.”
“Specifically, the report demonstrates Chevron’s commitment to the people of Nigeria through sustainable development programmes designed to stimulate economic growth, reduce poverty, local capacity building, job creation opportunities and enterprise, build human capacity and infrastructure development.”
