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SHELL AWARDS $1.98 BILLION CONTRACTS TO LOCAL NIGERIAN COMPANIES IN 2023
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Shell Companies in Nigeria has awarded contracts worth $1.98 billion to indigenous businesses in 2023, marking a 3% increase from the previous year’s total of $1.92 billion.
This move is part of Shell’s efforts to promote Nigerian content in the oil and gas industry.
According to Olaposi Fadahunsi, Business Opportunity Manager for SNEPCo’s Bonga South-West Aparo Project, several local companies that benefited from these contracts have expanded their operations, improved their expertise, and increased their financial strength
Fadahunsi commended the Nigeria Content Development and Monitoring Board (NCDMB) for ensuring compliance with the Nigerian Content Act.
He also highlighted Shell’s commitment to developing indigenous manpower through scholarship programs, which have benefited over 3,772 undergraduate and 109 Niger Delta postgraduate students since 2016 .
Fadahunsi added:”As we speak beneficiaries of the 13th edition of the Niger Delta Post Graduate Scholarship awards are pursuing their studies in the United Kingdom. The employability rate of the scheme is high with over 98%of the graduates who won the awards securing employment in the oil and gas industry,academia and Information Technology, among other sectors, within one year of completing their studies. Nigerian content will continue to an important part of Shell operations
In addition to contract awards, Shell companies have implemented various projects under the Human Capital Development Fund, including the Niger Delta University learning center and digital library project, and the Federal University of Technology Information Technology Hub .
