Shell Petroleum Development Company of Nigeria Limited (SPDC), announced its plans to release 11 billion naira worth of funds to 11 communities in Imo State, Nigeria, for the commencement of identified projects of immediate need.
The deal was achieved after a series of successful discussions and negotiations with representatives of the communities on the best approach to demonstrate social corporate responsibility to touch the lives of the people in the areas, ahead of the proposed, Assa North Gas Development Project, spanning five years.
The communities are located in Avu, Umuapu, Obosima, Obiti, Ohoba, and Assah North, Ohaji South in Ohaji/Egbema.
According to the Guardian Nigeria, the Final Investment Decision (FID), culminating in the signing of Global Memorandum of Understanding (GMoU), with the communities had been taken by Shell and will lead to the communities identifying their priority need/project and execute with the funds.
To implement the projects, a 15-member of Cluster Development Board (CDB) were administered to an oath by the Director of Legal Imo State Ministry of Niger Delta Affairs, Mrs. Obiageri Amadi-Obi, in the presence of the Commissioner for Niger Delta Affairs, Jones Uzoka.
The General Manager, External Relations, SDPC, Mr. Igo Welli, represented by the Manager, External Relations, Land Area, Dr. Chibuzor Anyim, said the company is pleased with the development project and cooperation by the communities.
According to him, “with this GMoU signed with the project clusters to the Assah North Gas Development Project, SPDC JV is committing 1 billion naira funding for community development over the next five years”.
Welli said the GMoU is an award-winning approach embarked by the SPDC JV partners, comprising Nigeria National Petroleum Cooperation (NNPC), Total, and NAOC, since 2006 across their operational areas.
He also noted that the “the Assah North Gas Development Project is important to government’s domestic gas aspiration to increase power generation and industrialisation as well as make significant contribution to GDP growth in Imo”.
He urged the Cluster board to utilize the opportunity to enhance the “much desired socio-economic development of their people.”