KEY POINTS
- Chevron Nigeria emphasizes continued engagement in Niger Delta development, particularly through the proposed Escravos–Warri Road project.
- The company underscores collaboration with the NDDC, Delta State Government, and local communities as critical for successful infrastructure delivery.
- Policy tools such as RITCS are highlighted to encourage private-sector investment while supporting economic growth in Nigeria’s oil and gas sector.
Chevron Nigeria Limited has reaffirmed its dedication to promoting socio-economic development in the Niger Delta, highlighting continued collaboration with government agencies, local communities, and development bodies.
The company emphasized its involvement in the proposed Escravos–Warri Road project, a major infrastructure initiative aimed at improving connectivity and stimulating economic growth across the oil-producing region.
The initiative, spearheaded by the Niger Delta Development Commission (NDDC), involves close coordination with the Delta State Government to assess project scope, environmental impact, and potential benefits for local communities. Segun Kuteyi, Chevron Nigeria’s Director and Chief Operating Officer for Nigeria and the Mid-Africa region, noted during a joint visit to Asaba that the road could act as a catalyst for broader regional development, linking key industrial, commercial, and residential hubs.
Collaboration and Policy Support at the Forefront
Kuteyi highlighted the importance of collaboration between government institutions, private-sector partners, and local communities. “The project presents an opportunity to build synergy among stakeholders to drive development in the region,” he said, stressing the role of the NDDC as a key project partner.
Chevron Nigeria also identified the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (RITCS) as a policy tool that can incentivize private investment in infrastructure, allowing companies to fund road construction while offsetting costs through tax credits.
Chevron Nigeria reiterated that its infrastructure investments complement its broader role in advancing Nigeria’s oil and gas industry while contributing to national economic growth.
The company plans to maintain ongoing dialogue with federal and state authorities and development agencies to ensure the successful execution of the Escravos–Warri Road project and other initiatives designed to enhance regional development and community welfare.
