Shell delivers N150m capacity development programme for Bonny youths
Apr 14, 2019
No fewer than 12 young entrepreneurs from host communities to the Bonny Oil and Gas Terminal in Rivers State have benefitted from a N150 million capacity development and empowerment programme by The Shell Petroleum Development Company of Nigeria Limited (SPDC).
SPDC’s General Manager, External Relations, Igo Weli, who handed over the service entry and final settlement to the beneficiaries in Port Harcourt described the initiative as a product of continuous effort by SPDC and its joint venture partners to empower youths, promote Nigerian content and support community participation in Nigeria’s oil and gas value chain.
Weli said, “Developing local skills, talent and contracting capacity in the Nigerian oil and gas industry is very important to SPDC and its partners. That is why we have continued to embark on programmes and projects that have sustainable impact on our host communities and the Nigerian economy. “This is a demonstration of how much benefit a conducive business environment and cordial relationship between host communities and industry players can bring to the people.”
Weli commended the beneficiaries for their industry and determination to champion entrepreneurial rebirth among youths on Bonny Island. He encouraged the beneficiaries to always keep an optimistic business mindset and to translate the opportunities into further empowering others.
The capacity development initiative included one-year vocational training, and obtaining Level 1 City and Guilds certification. The beneficiaries also received equipment and materials worth over N50million in addition to start-up grants.
One of the beneficiaries, Christopher Irimagha, described the opportunity as ‘life-changing’. “The training has been beneficial in positioning us for success in our community.”
This initiative is in addition to SPDC’s 16-year-old Shell LiveWIRE, a flagship enterprise development programme designed to help young people explore the option of starting their own business as a real and viable career option. It provides training, finance, and business mentorship for young entrepreneurs.
Launched in Nigeria in 2003, Shell LiveWIRE has produced thousands of Niger Delta entrepreneurs most of whom are now employers of labour. Some of the beneficiaries are also given the opportunity to play in SPDC’s supply chain as vendors and are provided with access to growth capital.
Media Relations Manager
April 14, 2019
Softphone: +234 807 022 8045
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this announcement “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Companies over which Shell has joint control are generally referred to “joint ventures” and companies over which Shell has significant influence but neither control nor joint control are referred to as “associates”. In this announcement, joint ventures and associates may also be referred to as “equity-accounted investments”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
This announcement contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s 20-F for the year ended December 31, 2018 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, April 14 , 2019. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.
We may have used certain terms, such as resources, in this announcement that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.