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INFORMATION HUB > Blog > ECONOMY & BUSINESS > Chevron spends over $1b on local contracts
ECONOMY & BUSINESS

Chevron spends over $1b on local contracts

Thenation
Last updated: October 8, 2025 3:10 am
Thenation
2 days ago
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Chevron spends over b on local contracts
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Chevron Nigeria Limited (CNL) has reaffirmed its commitment to sustainable development and local capacity building with over $1 billion in annual local contract opportunities and a 97% reduction in routine gas flaring across its operations in the past decade.

Speaking at the Nigerian Union of Journalists (NUJ) Media Capacity Building Programme held in Warri on Tuesday, Chevron’s General Manager, Corporate Affairs, Mr. Olusoga Oduselu, represented by Akinbola Praise, highlighted the company’s efforts in community development, media training, and environmental sustainability.

“CNL seeks to make human investments that deliver long-term transformative returns. Through investments in gathering and processing of associated gas, routine flaring has been reduced by over 97% in the past 10 years in CNL’s operations,” Oduselu said.

He added that Chevron’s local content development strategy currently supports Nigerian employment and contract opportunities across all projects, averaging over $1 billion annually.

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The workshop explored the role of the media in the implementation of the Petroleum Industry Act, in relation to sustaining the relationship between International Oil Companies and their oil and gas host communities.

In his lecture titled “PIA: Roles of the Media in Educating Host Communities,” Professor Majority Oji of Delta State University, Abraka, emphasized the media’s role in educating host communities about the Petroleum Industry Act (PIA).

Oji suggested that the NUJ spearhead the education of Niger Deltan on the PIA.

Dr. F. Atubi, also a DELSU lecturer, echoed the call for stronger media involvement in strengthening the relationshipbetween oil multinationals and host communities, noting, “The media is to educate host communities, report grievances before it becomes a national concern and put pressure on IOCs to fulfill their Corporate Social Responsibility.”

Also speaking, a technology expert, Philip Nwosu advocated for the integration of artificial intelligence in journalism, saying its use “saves time, improves productivity, builds trust,” but warned that “it can make mistakes.”

The programme, which is part of Chevron’s broader strategy to empower over 400 journalists nationwide in 2025 alone, underscores a growing alliance between the oil giant and the Nigerian media to foster transparency, accountability, and sustainable community development.



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