Inauguration of the Rivers Cassava Processing Company Limited (RCPC)
At the Inauguration of the Rivers Cassava Processing Company Limited (RCPC), L-R: Chairman, RCPC, Hon. Glory Chuku; Representative of the Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, Shell’s General Manager External Relations, Mr. Igo Weli; Shell’s former General Manager, Sustainable Development and Community Relations, Mr. Nedo Osayande; Project Manager, RCPC, Mr. Reuben Geisen; Shell Manager for Social Performance & Social Investment, Dr. Gloria Udoh; and Representative of the Archbishop of Canterbury on Conflicts in Sub-Saharan Africa & Bishop of South Sudan, Precious Omuku

Shell says the company will support the economy and earning power of the Rivers State and its people from the cassava value chain while utilising leading technology to process and create more added value from the household crop.

Country Chair, Shell Companies in Nigeria, and Managing Director, The Shell Petroleum Development Company of Nigeria Limited, Mr. Osagie Okunbor, said, “We’re happy to deliver a project that is designed to provide the agricultural sector of Rivers State and the wider Niger Delta with a sustainable institutionalised off-take mechanism for regional cassava production.”

Okunbor who was represented by the General Manager External Relations, Mr. Igo Weli, said, “It is our hope that a steady source of supply will promote more production of cassava by farmers with the accompanying increase in household incomes and livelihoods ultimately unlocking revenue to government.”

Okunbor commended the Rivers State Governor, Chief Nyesom Wike for his vision and commitment to productive partnership with the private sector to develop the economy of the state.

“Data shows that Nigeria is the largest cassava producer globally, accounting for about 20 percent of total production worldwide. However, though domestic economy’s demand for cassava and its constituents is high, the supply has shown a gap, unable to meet the huge demand,” said Okunbor, adding that the cassava processing company was a critical intervention to bridge the supply gap by providing a reliable offtake for farmers.

Citing some expert reports, Okunbor noted that the local value-addition to cassava via local manufacturing and processing could potentially unlock about $16m in taxes to the government.

The governor led the Minister for Agriculture, Alhaji Mohammed Sabo Nanono, to inaugurate the company, and praised Shell for its foresight and collaboration with the State on the project, noting that the factory would positively impact thousands of Rivers people and create tangible alternative livelihood opportunities.

Wike said, “I commend Shell for believing in us to partner with us. Gradually, Rivers State will reduce its holding in the company to about 10% from the current near 80%,” adding that the initiative was a preferred method of improving lives, rather than giving handouts to individuals.

Speaking at the event, Governor of the Central Bank, Mr. Godwin Emefiele, applauded the governor and the project partners for seeing the project through. He advised governors of other states in the country to take up similar projects, highlighting the CBN’s interest to support such tangible agricultural initiatives.

He challenged state governors to implement strategies that that would make them self-reliant and viable for economic development thereby reducing their dependence on allocation from the federal purse.

Explaining the capacity and operations of the processing plant, the Project Manager, Mr. Ruben Joseph Giesen, said, “The Rivers Cassava Processing Company Limited will process cassava into high quality cassava flour via a unique split processing technology based on the operating principle of taking the factory to the farm gates rather than having the farmer bring the cassava tubers to the factory gate.”

In attendance at the event were the Managing Directors of Nigeria LNG, Mr. Tony Attah; and Sahara Energy, Mr. Kola Adesina; Archbishop of Canterbury’s Special Representative on Conflict in sub Saharan Africa and Bishop of South Sudan, Precious Omuku.

Bamidele Odugbesan
Media Relations Manager
May 28, 2021
Softphone: +234 807 022 8045

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal 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 Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) 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 “aim”, “ambition”, ‘‘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; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. 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 Form 20-F for the year ended December 31, 2020 (available at and 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, May 28, 2021. 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 the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website