The program offers support for contractors to enable them fund projects implemented for Shell Companies in Nigeria in line with the aspirations of the Nigerian Content Act.
At the signing ceremony in Lagos, Osagie Okunbor, Managing Director of The Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Country Chair, Shell Companies in Nigeria, said, "Supporting SMEs under this scheme is for the mutual benefit all the parties.
While the scheme reduces the pressure from requests for advance payments from contractors, it also ensures optimum delivery by our contractors, leaving the banks with a de-risked client base in addition to the comfort of domiciliation of payments,' the Country Chair of Shell Companies in Nigeria
, Osagie Okunbor, has said.
Okunbor has also revealed that Shell Companies in Nigeria have also offered sustained support to develop the human resources and contracting capability of the nation, with investment of around $0.9 billion on local contracting and procurement.
According to the Shell official, the Shell Companies in Nigeria are also working dedicatedly to develop and use natural gas, steering its production and supply to the local as well as the global customers.
'Over the years, Shell Companies in Nigeria
have continued to demonstrate thought leadership at flagship industry events such as the SPE and we continue to promote self-development and professional affiliation by our staff as part of our wider human capacity development in Nigeria,' said Ojulari, who received the best exhibitor award from the outgoing SPE Nigeria Council Chairman, Mr Chikezie Nwosu.
Also, Shell Companies in Nigeria
awarded contracts worth over N230 billion to Nigerian contractors in 2017, representing 94 percent of the total contracts in that year.
Shell Companies in Nigeria (SCiN) have emerged the 2017 Best Nigerian companies in Sustainability Innovation in Africa, beating two other finalists at the 11th edition of the Sustainability, Enterprise and Responsibility Awards (SERAs) for Corporate Social Responsibility.
Shell Companies in Nigeria, which include SPDC, Shell Nigeria Exploration and Production Company (SNEPCo), and Shell Nigeria Gas (SNG), work with government, communities and civil society to implement programmes that have a lasting impact on lives in the Niger Delta and Nigeria as whole.