General Manager, Corporate Affairs of Chevron Nigeria Limited, Olusoga Oduselu, has said that the company spends an estimated $1 billion annually on contracts to Nigerians.
Oduselu said the gesture is in line with the local content gestures of the company aimed at boosting the capacity of Nigerian players in the oil and gas industry.
He noted that Chevron will continue to support the Nigerian content development through the provision of employment and the awarding of contracts.
The general manager spoke on Tuesday at a one-day media capacity building programme organised for members of the Nigeria Union of Journalists (NUJ), Warri Correspondents Chapel.
Oduselu emphasised that Chevron would continue to make human investments that deliver long-term term transformative returns through its Nigerian content development activities.
“In Nigeria, Chevron supports Nigerian content development by providing employment to Nigerians and contract opportunities in all our projects up to an estimated annual average of over $1billion,” he said.
The theme for the programme was: “Reporting oil and gas in the 21st Century: Issues and challenges”.
Oduselu also said that Chevron is committed to lowering carbon emissions and reducing gas flaring in Nigeria.
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He noted that routine gas flaring had reduced by over 97 percent in the past 10 years in Chevron’s operation, through the company’s investments in gathering and processing of associated gas.
Oduselu said that Chevron believes in affordable, reliable, and ever-cleaner energy as essential to achieving a more prosperous and sustainable world.
“We focused on lowering the carbon intensity in our operations and growing lower-carbon businesses along with our traditional business line,” he said.
The general manager also said that Chevron contributes to the sustainable development of communities where it operates.
He said that the company’s formed a global memorandum of understanding, a community-led participatory partnership model for community engagement and sustainable development in 2005.
