Home > Business > Chevron Nigeria Invests N17bn In Community Projects

Chevron Nigeria Invests N17bn In Community Projects

Chevron Nigeria Limited (CNL) has said it had invested about N17 billion over the last 10 years to provide about 580 projects, benefiting about half a million people across the country.

In his presentation at the just concluded Sixth African Petroleum Congress and Exhibition (CAPE VI) in Abuja, Mr. Deji Haastrup, the General Manager, Policy, Government and Public Affairs (CNL), said the investments were made possible through the Global Memorandum of Understanding (GMoU) model.

He said the GMoU is a community driven sustainable development model that involves the Nigerian National Petroleum Corporation, NNPC and Chevron, state governments and communities.

The governance structure ensures that resources accruable from the oil and gas business through social investments directly benefit the people in the local communities.

READ ALSO:  Irate Workers Vandalise Lawamker's Car In Ogun