Business A.M
No Result
View All Result
Tuesday, September 15, 2026
  • Login
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
Subscribe
Business A.M
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

Shell companies step up NDDC Support, doubling remittances to $142m in 2023

by Admin
January 21, 2026
in Energy, Frontpage

Business a.m.

Shell Nigeria’s subsidiaries, Shell Petroleum Development of Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo), jointly remitted $142.5 million to the Niger Delta Development Commission (NDDC) in 2023, more than doubling their 2022 contribution of $79.77 million.

A recent statement by Bamidele Odugbesan, Shell Nigeria’s manager of media communications and NGO Relations, disclosed that SPDC remitted $112.5 million to the NDDC, a 90 percent increase from its 2022 payment of $59.04 million.

According to Odugbesan, the contributions came from the Shell companies on behalf of themselves and their respective partners including the Nigerian National Petroleum Company Limited; TotalEnergies, EP Nigeria Limited; NAOC; and Esso Exploration and Production Nigeria Limited, as statutory contributions to the interventionist agency.

He noted further that Shell Companies in Nigeria have been engaged in supporting community development programmes since the 1960s. Odugbesan revealed that these efforts have benefited countless Nigerians, with particular emphasis on education. Since 2016, more than 3,450 secondary school grants, 3,772 university grants, and 1,062 cradle-to-career scholarship grants have been awarded.

He added, “Another investment has seen the introduction of the Health-in-Motion programme, providing free medical services directly to communities. Over one million individuals have benefited from the programme since its inception in the early 2000s.

“Also, the global Shell LiveWIRE entrepreneurship programme supported 73 businesses through training and mentorship programmes leading to 97 employment opportunities for Nigerians.”

On his part, Igo Weli, SPDC director and country head of Corporate Relations, reaffirmed Shell Nigeria’s commitment to supporting NDDC, pointing out that this was part of the company’s broader aspirations for the development of the Niger Delta region. 

Weli also mentioned a range of collaborative efforts in health and education as examples of SPDC’s social investments in the area.

He noted that the company remains committed to its community-related obligations, which will be fulfilled through continued statutory payments to relevant agencies, as well as collaborative projects with partners and stakeholders.

Admin
Admin
Previous Post

MSPs face heightened risks as cybersecurity skill shortage continues to threaten industry

Next Post

Oil slides on concerns of slowing demand, market awaits U.S stockpiles report for further direction

Next Post

Oil slides on concerns of slowing demand, market awaits U.S stockpiles report for further direction

  • Trending
  • Comments
  • Latest
MMA2 enters new commercial era after 20-year concession dispute

MMA2 enters new commercial era after 20-year concession dispute

August 28, 2026

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

NAMA disputes ₦7.58bn ILS claim, puts Lagos-Abuja contract at ₦1.19bn

NAMA disputes ₦7.58bn ILS claim, puts Lagos-Abuja contract at ₦1.19bn

September 15, 2026
KCOBA unveils modernisation blueprint as Kings College turns 117

KCOBA unveils modernisation blueprint as Kings College turns 117

September 15, 2026
Dangote turns to China for new vessels acquisition deal, as group targets 1,800 annual vessel calls

Dangote turns to China for new vessels acquisition deal, as group targets 1,800 annual vessel calls

September 15, 2026
Enza, Fraudio join forces to combat fraud across Africa’s digital payments 

Enza, Fraudio join forces to combat fraud across Africa’s digital payments 

September 14, 2026

Popular News

  • MMA2 enters new commercial era after 20-year concession dispute

    MMA2 enters new commercial era after 20-year concession dispute

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

NAMA disputes ₦7.58bn ILS claim, puts Lagos-Abuja contract at ₦1.19bn

NAMA disputes ₦7.58bn ILS claim, puts Lagos-Abuja contract at ₦1.19bn

September 15, 2026
KCOBA unveils modernisation blueprint as Kings College turns 117

KCOBA unveils modernisation blueprint as Kings College turns 117

September 15, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE

© 2026 Business A.M