Search
Close this search box.
CNL Showcases Investment in Local Content for 2021 Report
CNL Showcases Investment in Local Content for 2021 Report
CNL Showcases Investment in Local Content for 2021 Report
– By Jerome Onoja Okojokwu-Idu

       Share 

Facebook
Twitter
LinkedIn
WhatsApp

CNL Showcases Investment in Local Content for 2021 Report

Chevron Nigeria Limited (CNL) showcases Corporate Social Responsibility (CSR) report of company’s multimillion naira investments in Nigerian local content. It revealed in its 2021 CSR report where it stated its investment in Nigerian Content was approximately $863,110,905.70, with approximately $214,418,107.76 spent on materials and services provided by local Community Contractor.

At Chevron Nigeria Limited (CNL), we demonstrate commitment to the socioeconomic development of Nigeria by building mutually beneficial partnerships and supporting the Federal Government’s Nigerian Content Development (NCD) policies.

“We build the capacities of Nigerian businesses by allocating substantial scopes of our major capital projects to Nigerian companies. CNL supports the growth of the Nigerian economy by contributing to the development of communities in our areas of operation.

“It is noteworthy that we operate this way not just because the law requires it but also because it is ethical. Our four-pronged approach to NCD:

“We help to improve the capacities and capabilities of Nigerian companies by providing opportunities to many of them in facilities design, fabrication, construction, and installation, human capacity development and facility acquisition. We also provide opportunities for local community contractors through work scope reservation and allocation in our capital projects. We believe that our business success is intricately connected to the success of our communities. That is why we continue to help build the capacities of our local contractors and Nigerian businesses in general – supporting the Nigerian Content (NC) policy of the Federal Government,

CNL has continued its commitment to the Nigerian Oil & Gas Industry Content (NOGICD) Act as part of support for local capacity building. Playing a leading role in building and sustaining the capacity of indigenous companies and contractors in Nigeria’s oil and gas industry.

“We consistently demonstrate our commitment to empowering Nigerian service providers and suppliers through human and institutional capacity development, creation of local jobs, developing and sourcing from local suppliers, employing local workforce, local patronage, work scope reservation to benefit local community contractors from our areas of operation and fostering of business partnerships.

“Our business strategy establishes Chevron Nigeria as a compliant partner of choice that helps build local economies and improve the livelihood of Nigerians. Additionally, the company provides technical and asset acquisition support to local community contractors and partnerships on research and development with Nigerian companies. These have helped the country to build wealth from the oil and gas proceeds and develop the local commerce and industry,” it said.

The CNL partnered with several Nigerian companies to build and strengthen local capacity and capabilities through the following projects and initiatives:

Speaking on the Escravos export system project (EESP), it said contract for the engineering and fabrication of two Single Point Mooring (SPM) buoys was awarded to FENOG Nigeria Limited, a community contractor in the Niger Delta.

FENOG, a local service company in the execution of the project deployed its SPM specialist to provide guidance through the engineering and fabrication stages of the project. This resulted in significant engineering and ~600,000 injury free fabrication man-hours for the SPMs. The SPMs are installed offshore at 27m and 30m water depths.

Other local companies have also proven their worth in discharging various projects to Nigerian communities empowered and enhanced by CNL.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Newsletter

Get to read our latest stories right in your email

Show some Love. Share this post

Copyright 2022. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Majorwaves Energy Report

Show Buttons
Hide Buttons