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

Simon Utebor, Yenagoa

Shell Petroleum Development Company has said that its economic contribution to the Nigerian government in four years is $29bn.

The company’s General Manager, External Relations, Mr. Igo Weli, made this known in Yenagoa, the 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 to the Niger Delta Development Company’s funds within the period for the development of communities in the region.

He said, ‘’The economic contribution from the SPDC JV partners to the Nigerian government between 2012 and 2016 was $29bn.

‘’We also know that we have the 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 the NDDC’s funds within the period. And the expectation is that these funds will be used for the development of our community’s socio-development, roads, bridges and all of that. That is part of the joint venture development that we have.’’

‘’If we allow these things such as illegal 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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