Chevron and USAID Partner to Improve Living Standards in the Niger Delta Through $50 Million Alliance
New model for collaboration seeks stability, development and economic
progress
Chevron Corporation (NYSE: CVX) today announced the signing of a
memorandum of understanding (MoU) between the United States Agency for
International Development (USAID) and the Niger Delta Partnership
Initiative (NDPI) Foundation, established by Chevron to help address
socio-economic challenges in the Niger Delta region of Nigeria. Under
the MoU, the NDPI Foundation and USAID will each contribute $25 million
over four years to support a portfolio of programs designed to promote
economic development, improve the capacity of government and civil
society institutions, and help reduce conflict in the region.
'Today′s agreement builds on the innovative and successful partnerships
Chevron and USAID have established in other parts of the world,? said
Rhonda Zygocki, Chevron′s vice president of Policy, Government and
Public Affairs. 'Chevron has been operating in Nigeria for almost 50
years. This is an investment in developing stronger communities and the
future of our business.?
'We have a long-standing commitment to West Africa,? said Ali Moshiri,
president of Chevron Africa and Latin America Exploration Production
Company and chairman of NDPI. 'Chevron′s support of the NDPI Foundation
recognizes that our business is fundamentally linked to the sustainable
development and peaceful co-existence of communities in the places where
we operate.?
During the past decade, Chevron and USAID have formed successful
alliances contributing more than $100 million in six countries across
Africa, Asia and Latin America. Programs have focused on developing
individual and organizational capacity, economies, community health, and
stability.
'The United States Government, through USAID, is committed to working
with the private sector in Nigeria to establish innovative and dynamic
partnerships to promote socio-economic development in the Niger Delta
region and foster peace and stability, and improve the quality of life
for residents,? said Ray Kirkland, USAID′s Mission Director for Nigeria.
Established in the U.S. and Nigeria in 2010, Chevron launched the NDPI
Foundation with an endowment of $50 million over five years. Chevron′s
$25 million contribution to the MoU will be drawn from the endowment.
Through a one-to-one match with donor partners, such as USAID, the
Foundation is working to double Chevron′s initial funding.
The NDPI Foundation′s Nigerian affiliate, the Foundation for Partnership
Initiatives in the Niger Delta (PIND), will participate in the design,
development and monitoring of programs, which will be developed in four
distinct areas: economic development; capacity building; peace-building;
and, analysis and advocacy.
More information on NDPI and PIND can be accessed at http://ndpifoundation.org/
and http://pindfoundation.net/.
Outcomes from Chevron′s broader range of community focused programs in
Nigeria can be accessed at http://www.chevron.com/countries/nigeria/.
Chevron is one of the world′s leading integrated energy companies, with
subsidiaries that conduct business worldwide. The company′s success is
driven by the ingenuity and commitment of its employees and their
application of the most innovative technologies in the world. Chevron is
involved in virtually every facet of the energy industry. The company
explores for, produces and transports crude oil and natural gas;
refines, markets and distributes transportation fuels and other energy
products; manufactures and sells petrochemical products; generates power
and produces geothermal energy; provides energy efficiency solutions;
and develops the energy resources of the future, including biofuels.
Chevron is based in San Ramon, Calif. More information about Chevron is
available at www.chevron.com.
Chevron Corporation
Scott Walker, +1-713-372-4923
cell:
+1-281-221-5765
swlk@chevron.com
