TETFund rewards Shell’s consistent support for tertiary education

The Executive Secretary of TETFund, Prof. Suleiman Elias Bogoro, and the Chairman of the Board of Trustees, Kashim Ibrahim Imam, both gave the commendation at an event in Abuja to commemorate the 10th anniversary of the federal government agency established in 2011 to disburse, manage, and monitor education tax to government-owned tertiary institutions in Nigeria.

SNEPCo was presented an award of recognition for consistent contributions towards the growth of the public tertiary education sector.

Apart from its many contributions to the Nigerian economy through income generation for government, payment of taxes and other statutory levies, SNEPCo implements social investment projects across the country with a focus on education and health.

SNEPCo’s National University Scholarship, delivered in conjunction with the Nigerian National Petroleum Corporation, has supported over 490 Nigerian students since the programme was launched in 2016 while SNEPCo’s Postgraduate Scholarship Programme introduced in 2017 has continued to provide opportunities for qualifying students from any Nigerian state to obtain a master’s degree in oil and gas-related disciplines from leading universities in the United Kingdom.

SNEPCo’s Managing Director, Elohor Aiboni, described the recognition as a motivation to continue to support Nigerian youths particularly those from less-privileged background, to pursue their education dream to the university level. “We are committed to promoting academic excellence and improving the skills of young Nigerians particularly in oil and gas related fields which is a sure way of building a competent skill pool for the industry and enhancing in-country value retention,” Elohor said.

Elohor, who was represented by Shell Nigeria’s Manager, Policy and Advocacy, Abubakar Ahmed, asked that TETFund strengthen its oversight responsibility to ensure value for tax contributions by Nigerian companies.

Manager, Policy and Advocacy, Shell companies in Nigeria, Abubakar Ahmed (left), and the Executive Secretary, Tertiary Education Trust Fund (TETFund), Prof. Suleiman Bogoro, at the presentation of a recognition award to the Shell Nigeria Exploration and Production Company Limited (SNEPCo) during the 10th anniversary celebration of TETFund in Abuja, recently. SNEPCo was recognised for its cconsistent contributions towards the growth of public tertiary education in Nigeria.

Bamidele Odugbesan
Media Relations Manager
December 23 , 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 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, December 23 , 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 www.sec.gov.