We contributed $29bn to Nigeria in four years – SPDC

An oil major , Shell Petroleum Development Company, has said that its economic contribution to the Nigerian government in four years was $ 29 bn .
The company’ s General Manager , External Relations , Mr . Igo Weli , made this known in Yenagoa, Bayelsa State capital, during the 2017 Swamp West Hub Integrated Stakeholders Engagement Forum for Tarakiri/ Egbema/Oporoma Community Leadership.
Weli , represented by the Assets Manager , Swamp West Hub , SPDC, Mr . Mesh Maithibi , also said the company contributed $ 1. 8bn into the Niger Delta Development Company’ s funds within the period for the development of communities in the region .
He stated, ” The economic contribution from SPDC JV partners to the Nigerian government between 2012 and 2016 was $ 29bn .
” We also know that we have NDDC and the NDDC was set up to develop basically the Niger Delta and the Federal Government has come up with a law where all the oil companies must pay certain amount to the NDDC for them to use in development .
” As a company , as a joint venture partner, we have contributed $ 1. 8bn into NDDC ’ s fund within the period. And the expectation is that this fund will be used for the development of our communities socio - development , roads , bridges and all of that . That is part of the joint venture development that we have . ”
He , however, regretted that the company had had situations where their facilities were shut down and their assets blocked by people in the region .
Weli said such disturbing situations could hamper development of the region , urging the people to cooperate with oil companies in order to achieve maximum benefits .
He stated , ” We have had situations where our facilities were shut down . We have had situations where our assets have been blocked , not by outsiders but by those us from this region .
” The money that comes into our state and local governments is from production of oil and gas . We want all of us to help each other. When there is money in the state, there will be investment and development .
” If we allow these things such as oil bunkering , theft and vandalism to happen , the resources that accrue to the state will also go down and it will affect every sector of the state and local economy . That is why we are here. We want to talk. I want to show you some statistics of what we as a company have done towards the development of the region . ”

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