Chevron Nigeria Limited, CNL, the Nigerian subsidiary of American oil giant, spent the sum of N5.6 billion on scholarships between 2009 and 2015, for 15,356 young Nigerians, as part of its Corporate Social Responsibility, CSR, scheme.
The firm’s General Manager, Policy Government and Public Affairs, Mr Deji Haastrup, who disclosed this said, for 2015 alone, a total of N186 million was spent on various scholarship schemes on 2, 406 student beneficiaries, while over N250 million was given to Regional Development Committees (RDCs) – a cluster of communities close to its operations.
Haastrup, who spoke in Asaba, Delta State capital during CNL’s 11th Edition of the National Art Exhibition Competition Prize/Award giving ceremony also said over 14, 000 students have benefited from the Agbami Medical and Engineering scheme funded by its subsidiary, Star Deepwater Petroleum Limited.
He said Chevron’s social investment cut across education, health and economic empowerment, adding that education is the key to unravelling the potential of youths and developing their capacity for societal relevance.
He added that investment in education covers community and national scholarships awards to Nigerian students in secondary and tertiary institutions, infrastructural support including classroom, libraries laboratories and sponsorship of competitions and programmes to motivate students and boost their confidence.