Chevron Nigeria Limited, CNL, said it had invested about N17 billion over the last 10 years to provide about 580 projects, benefitting about half a million people across the country.
The General Manager, Policy, Government and Public Affairs, CNL, Deji Haastrup, in his presentation at the just concluded Sixth African Petroleum Congress and Exhibition (CAPE VI) in Abuja, 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.
According to him, the GMoU had built community capacity to plan for, design and implement development projects by themselves, and had also provided a platform for communities in remote areas to leverage funds from other donors while providing for their needs in an inclusive manner.
