A N755 billion ($5b) deal has been signed between Shell Petroleum Development Company, (SPDC)and five banks to ease access to loans for Nigerian contractors.
Shell said the $5 billion Memorandum of Understanding (MoU) signed with the banks would further give impetus to the Nigerian content drive which is aimed at ensuing that indigenous companies play more crucial role in the oil and gas sector.
The Managing Director of SPDC, Mr. Mutiu Sunmonu, at the signing of the agreement in Port Harcourt at the weekend, said the scheme was being funded by First Bank; Citi Bank, Access Bank, Fidelity Bank, Standard Chartered Bank and David L Ross Associates.
He explained that they were spurred to initiate the scheme because of its desire to continue to encourage local vendors through the award of contracts and capacity development.
The scheme we are launching today is worth much more than $5billion. So, I will therefore expect that we stretch our delivery and performance far beyond what was achieved by the Americans when they landed on Mars.
I want to see Nigerian contractors build the first floating production storage and offloading vessel in Nigeria. I want to see Nigerians undertaking daunting technological challenges,” Sunmonu said, noting that the skills abound in the country,” said Sunmonu.
He asserted that with the signing of the agreement with the financial institutions, financing of projects which had for several years impeded the growth of Nigerian contractors and participation in the delivery of goods and services to the oil and gas industry would be reduced.
Sunmonu implored contractors not to default on loan repayment and to apply the funds to agreed-upon projects in order not defeat the good intention of the initiative tagged ‘Shell Contractors Support Funding Scheme’.
“At full capacity, Nigeria operations can contribute a significant proportion of the global energy requirement and that the $5billion fund would play a key role in achieving the desired aspirations.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
