Thursday, February 17, 2011

Chevron, US agency set up Niger Delta fund

Reuters
17 Feb 2011

* Programme aims to create jobs in restive region
* Niger Delta has seen years of attacks on oil firms
* Some villagers say oil firms offer too little, too late

ABUJA, Feb 17 (Reuters) - U.S. oil firm Chevron signed a $50
million partnership with the U.S. government's development arm
on Thursday to try to help develop local businesses and boost
community relations in Nigeria's restive Niger Delta.

"Oil and gas companies are not massive employers," Andrew
Fawthrop, Chevron's managing director in Nigeria, told
Reuters ahead of the signing. The firm employs more than 2,000
people directly, more than 80 percent of them Nigerian, and over
20,000 including indirect employees in a country of 150 million.

"The Niger Delta needs to build its non-oil and gas economy,
it needs to use the revenues from oil and gas to help develop
other service and agriculture businesses," he said.

The agreement between USAID and Chevron's Niger Delta
Partnership Initiative, which supports education and healthcare
projects, is overseen by independent trustees, who hope that it
will become a platform through which others can invest...

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