• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Chevron Spends $10bn On Local Service Providers In Nigeria

by Chika Izuora
7 months ago
in Business
chevron
Share on WhatsAppShare on FacebookShare on XTelegram

Chevron has promised to increase its participation in building virile local content structure in Nigeria through robust partnerships with local businesses operators.

Advertisement

For the last 10 years, Chevron said it has spent an estimated annual average of $1 billion on Nigerian suppliers and service providers, which amounts to over $10 billion.

“We do all this, not because we are compelled to, but because it is the right thing to do,” the company said.

It said that Nigerian content development is critical for the growth and development of the nation as it progresses in its quest to acquire oil and gas technology and build indigenous capacity in the oil and gas industry.

Chairman and managing director of Chevron Nigeria and Mid-Africa Business Unit, Jim Swartz made this remark at a Panel session on The Next Frontier for Nigerian Content: Divestments & Offshore Opportunities, during the 2024 edition of the Practical Nigerian Content Forum organized by the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State from December 2 to 5, 2024.

RELATED

Strategic Visibility Instrumental To Driving Potential Of Top Multinational Brands — Amosun

Strategic Visibility Instrumental To Driving Potential Of Top Multinational Brands — Amosun

6 hours ago
wema bank

World MSME Day: Wema Bank To Disburse N2.5m Grants To 3 SMEs At Lagos Leather Fair

6 hours ago

Jim noted that as an industry that thrives on partnership with key stakeholders, the Nigerian oil and gas industry is expected to continue to play an active role in prioritising Nigerian content development and building local capacity in the industry.

He explained that Chevron believes that its business success in providing affordable, reliable, ever-cleaner energy is directly tied to the progress and prosperity of the people it works with and the communities where it operates.  “Our strategy is to leverage our strengths to safely deliver lower carbon energy to a growing world. Our primary objective is to deliver higher returns, lower carbon, and superior stakeholder value in any business environment,” he stated.

According to Jim, “having made significant investments in Nigeria for over 60 years, Chevron believes that the broad and varied opportunities in the oil and gas industry, can be harnessed to engender economic development, with the appropriate government legislation, policies, and regulations.

“Chevron’s Nigerian Content policy is driven by the vision to be recognised as the petroleum company that works best to foster competence and competitiveness among Nigerian indigenous contractors and suppliers, by adopting the participatory-partnership model,” he remarked.

The chairman and managing director noted that Chevron companies in Nigeria had developed and implemented the Local/Nigerian Content development philosophy as far back as 1999, well before the April 2010 enactment of the Nigerian Oil and Gas Industry Content Development Act (“NOGICD Act”).

He stated, “At Chevron, we demonstrate our commitment to the socio-economic development of Nigeria by building mutually beneficial partnerships and supporting the policies of the government on Nigerian Content Development. In addition to skills acquisition training for Nigerians, Chevron provides contract and procurement opportunities, support for asset acquisition, technical support, and facilitates collaboration on research and development for local community contractors.”

“For the last 10 years, CNL has spent an estimated annual average of $1 billion on Nigerian suppliers and service providers. We do all this, not because we are compelled to, but because it is the right thing to do,” he remarked.

Jim affirmed that Chevron would continue to partner with the NCDMB to boost local capacities in the Nigerian oil and gas industry. “We will continue our efforts in capacity building and training of the local talents, our support for research and development and facilitation of partnerships among local businesses”, he concluded.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Chevron
SendShareTweetShare
Previous Post

WACT-APM Terminals Wins Customs CG Best Terminal Operator Award

Next Post

Ogra, Akosile To Address Professional Women At Conference

Chika Izuora

Chika Izuora

You May Like

Strategic Visibility Instrumental To Driving Potential Of Top Multinational Brands — Amosun
Business

Strategic Visibility Instrumental To Driving Potential Of Top Multinational Brands — Amosun

2025/06/27
wema bank
Business

World MSME Day: Wema Bank To Disburse N2.5m Grants To 3 SMEs At Lagos Leather Fair

2025/06/27
Stakeholders Meet For National Tomato Policy Conference In Kano
Agriculture

Stakeholders Meet For National Tomato Policy Conference In Kano

2025/06/27
Solid Minerals Get Only N24bn Capital Budget Despite Needing N250bn
Business

Nasarawa Attracts New $800m Solid Mineral Investment –Alake

2025/06/27
Dangote Cement Grows Sales As Volume Rises By 26.1% To 4.6MT In Q1
Business

Dangote Cement Trains Host Community Leaders For Optimal Performance

2025/06/27
ECOWAS Parliament And Search For Regional Cohesion, Security
Business

ECOWAS Heads To Give Final Approval To $25bn Nigeria-Morocco Gas Pipeline Project

2025/06/27
Leadership Conference advertisement

LATEST

JUST-IN: Kenyan Court Declares Nnamdi Kanu’s Abduction Illegal, Awards ₦120m Damages

‘Peace Returns To Rivers’, Wike, Fubara Declare After Meeting With Tinubu

Nigerian Man Nabbed For Alleged Email Fraud, Money Laundering In US

Federal Gov’t Dismisses Viral Video, Confirms Nigerians In Iran Safe

Leicester City Sack Ruud van Nistelrooy As Head Coach

Solicitor-General, NHRC Demand Collective Action Against Torture

Civil Service Must Lead Transformation From Within – Walson-Jack

Court Sentences 3 To 1-yr Jail Term For Assaulting FRSC Officials In Bauchi

Alaafin To Mediate With Gov’t To Complete Oyo Stadium, Teaching Hospital Projects

Prof. Gwarzo Donates Permanent Office To Alliance Francaise In Kano

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.