Niger Delta: Shell To Invest N2bn In Centenary Projects

Shell is set to carry out three developmental projects worth N2 billion in Nigeria to mark the country’s centenary celebration.

The company which started business in Nigeria in 1937 plans to undertake a health project at Oloibiri, Bayelsa State, build a 200-seater library in Port Harcourt, Rivers State, and upgrade athletics infrastructure in five secondary schools in Delta State, all in the country’s Niger Delta where Shell operates.

“The projects show our commitment to a long-term future for Nigeria,” said Mutiu Sunmonu, Managing Director of Shell Petroleum Development Company (SPDC) and Country Chair, Shell Companies in Nigeria.

He expressed pleasure that the projects will benefit the people immensely, and help boost literacy, healthcare and youth empowerment; developments which are in line with Shell’s robust programme of social investments in Nigeria.

Sunmonu led a formal unveiling of the projects at a sustainable development road show organised by SPDC in Abuja, Nigeria’s capital city.

According to him, the oil firm will be the sole financier of the library and health projects while it will fund only 30 percent of the total cost of upgrading athletics infrastructure in the five schools. Shell’s funding of the athletics infrastructure will come through its share in the SPDC Joint Venture, which it operates and has the Nigerian National Petroleum Corporation (55 percent), Total S.A. (10 percent) and Eni (5 percent) as partners.

Sunmonu said Shell’s implementing partners, the Port Harcourt Literary Society, Federal University, Utuoke and Africare Nigeria will oversee the projects.