Why Chevron Invests $1bn on Local Content Devt. Each Year

As part of its commitment to Nigerian Content development, Chevron Nigeria Limited (CNL), on Tuesday, said that it provides employment and contract opportunities worth over $1 billion annually in the Niger Delta.

Chevron’s General Manager, Corporate Affairs, Olusoga Oduselu disclosed this during the Nigeria Union of Journalists (NUJ) Warri Correspondents Chapel Media Capacity Building Programme held at the press centre in Warri, Delta State.

Oduselu who was represented by Saheed Praise Akinbola, said human capital development remains central to the company’s operations.

He noted that since the inception of the annual media training, Chevron has trained about 400 journalists across the country. The 2025 edition, which began in Abuja and Lagos in July, continued this week in Warri in collaboration with the NUJ Correspondents’ Chapel.

Oduselu commended the media for its vital role in shaping public opinion and fostering accountability in the oil and gas industry. He assured that Chevron would continue to support capacity building for journalists to strengthen professional standards.

Highlighting earlier interventions, he recalled the Advanced Writing and Reporting Skills (AWARES) programme pioneered by Chevron in 2014 with Pan Atlantic University, Lagos. More than 120 journalists have benefitted from the initiative.

He stressed that such programmes are designed to equip reporters with advanced skills while deepening long-term partnerships with media stakeholders.

On community development, Oduselu said Chevron has invested billions of naira through its Global Memorandum of Understanding (GMoU) model, which has delivered hundreds of projects across host communities since 2005.

He explained that following the enactment of the Petroleum Industry Act in 2021, the company has transitioned to the Host Community Development Trusts (HCDTs) to sustain growth and engagement in its areas of operation.

Oduselu further pointed to the Foundation for Partnership Initiatives in the Niger Delta (PIND), Chevron’s flagship social investment vehicle, which he said has empowered hundreds of lives through economic and social development programmes.

Beyond oil production, Oduselu emphasised Chevron’s role as a top supplier of domestic gas in Nigeria, noting that routine flaring in its operations has been cut by over 97 percent in the last decade through strategic investments in gas gathering and processing.