Osinbajo: FG Secures $1bn from Shell to Develop Niger Delta

Yemi Osinbajo
Vice President, Yemi Osinbajo

Tobi Soniyi with agency report

The federal government has secured funding of over $1 billion from Shell Petroleum Development Company (SPDC) to develop the Niger Delta region, acting President Yemi Osinbajo said monday.

Osinbajo, who is on the second leg of his peace and dialogue tour of the oil-rich region that witnessed a resumption of militant attacks on oil facilities last year, made the announcement yesterday in Port Harcourt, the Rivers State capital, at a town hall meeting with governors, former governors, community leaders, women and various youth groups in the Niger Delta region.

He said the vicious cycle of abandonment amidst plenty and neglect of the region must stop, adding that this underscored the priority given to the clean up of Ogoniland by the administration of President Muhammadu Buhari.

Osinbajo said the inauguration of the governing council and board of trustees on August 4, 2016 and January 12, 2017, were some measures taken by the administration to ensure the clean up of Ogoniland, reported the News Agency of Nigeria (NAN).

“A funding of $1 billion at $200 million per annum over five years has been provided by Shell to provide drinking water, conduct health impact assessment and demonstrate remediation technologies.

“A groundbreaking for the construction of Centre of Excellence will be launched in a few days.

“Training of 2,000 women from four local government areas in greenhouse, shrimp, poultry farming for empowerment will commence soon.

“Environmental remediation is important throughout the entire region,” Osinbajo said.

He said that fears being expressed that these projects would be abandoned should not be entertained, as they were not being handled alone by the federal government.

He said there was no reason infrastructure built in the region could not be compared to infrastructure built in oil-producing communities anywhere in the world.

He promised that coal powered refineries and issues surrounding the construction of petrochemical plants would be looked into by the government.

He said the federal government was interested in the continuation of the amnesty programme.

“We must recommit to making the Niger Delta region a vibrant economic zone,” Osinbajo said, adding that the government intended to use small and medium businesses to drive and create employment and stimulate growth in the area.

“I have made notes, I have listened carefully; this will be a beginning that will change the narrative of the Niger Delta,” Osinbajo promised.


  • Manmbombano123

    PMB should please not allow the likes of Pa Edwin Clark, Tompolo , Asari and all others vultures in the Niger Delta to get close to this fund.

  • MinorityFront

    Earlier the better…don’t let secessionist to spring up in Niger Delta as IPOB, MASSOB, ZIONIST will be a child play because there are 1 million reasons for the world to support them.

  • Dan-gote Cement Company


  • austin

    APC don hammer.

  • Daniel Obior

    The federal government should not be allowed anywhere near the $1 billion promised by Shell, else most of the money will end up in the pockets and bank accounts of politicians, government officials and all their cronies. The money should be utilised for the delivery of projects by Shell, in the same way as they have done for their various community facilities and projects. That ensures some level of accountability, which unfortunately hardly exists when government handles projects.

    • WJasper

      This is not a PDP government.
      The Federal APC government has been doing well and has displayed sufficient integrity in financial dealings.
      Chop and Chop government.

      • Daniel Obior

        You never fail to amaze by your ridiculous defense of the indefensible. An APC government whose SFG has been caught with his hands in the till is being glorified. My comment applies to any government in Nigeria. They have all failed the people.

        • ifeanyi victor

          What of the ones stolen by fashola and exposed by lagos state government officials.

  • Sarah

    “…I have listened carefully; this will be a beginning that will change the narrative of the Niger Delta…” Ag. Press Osinbajo.
    We have heard all your specific promised projects “…loud and clear…”
    We will hold you to account if we do not see tangible changes on the ground over the next 12 weeks.
    God bless you and grant you more wisdom, protection and success.

    • DIMEJI

      Amen. I believe that the empowerment of women
      of the region is a great idea

    • Edward Joseph Ishola

      So long your sons, daughters including your traditionally rulers and political elites, who have been enmeshed in various corruptions are not allowed to go near the money because they are kleptomaniac and cannot help themselves.

      • Sarah

        You could have made your point about carefull management of the resources without resorting negative name calling.
        In this case, by trying to insult me and my people, it would appear from your ‘Ishola’ name that you have actually succeeded in insulting yourself by calling your own fellow Yoruba “… sons, daughters including your traditionally rulers and political elites….kleptomaniac and cannot help themselves..” as I am a Yoruba like you.
        Next time, there really is no need to insult. Simply communicate your point.

        • Edward Joseph Ishola

          @Sarah, pls it is not personal. My opinion applies to all tribes in Nigeria, including my tribe of Yoruba people. Every tribe has thiefs among them and it is better we tell ourselves the bitter truth. Look at how some of Ibori people are celebrating him. Bode George was celebrated by some shameless Yoruba people when he was released from prison. Nowadays, I don’t feel civil to be reading how some animals in human skins cornered all our collective wealth to their personal use. If insulting our people and tribes would change their ways of lives for better, then it is better than killing our selves in the nearest future. All the countries that are in different states of wars started through massive corruption and if time is not taken to correct this madness, it would lead to unending war that would destroy Nigeria. Insult to correct attitude is better than war.