$5.2m spent on capacity building of young Nigerians

Shell Petroleum Development Company (SPDC) and its Joint Venture partners invested about $5.2 million in 2017 to develop the intellectual capacity of young Nigerians toward solving the nation’s challenges.

SPDC’s General Manager, External Relations, Mr Igo Weli, who made this known at the ‘Shell Nigeria Nxplorers Exhibition Event 2018’ in Port Harcourt said that the company had trained and equipped (through scholarships) over 120 young Nigerian students and their teachers across 12 schools in Lagos and Rivers states

“The students were trained in Science, Technology, Engineering and Mathematics and in other complex problem-solving skills.

“The beneficiaries have already been working on projects that aim to provide solutions in part or in full to challenges faced in the Niger Delta.”

According to Weli, represented by SPDC’s Manager, Social Performance Sub-Saharan Africa, Emmanuel Anyi, the Nxplorers programme is a global initiative designed to equip young people with diverse range of tools and problem-solving skills to address the complex challenges affecting the food-water-energy nexus.”

“We are worried with current difficulty to accessing energy, food and water in several countries of the world.

Weli attributed the declining shortages of energy, food and access to potable water to rising population in the country and world population.

He said that the company had begun assisting the country to overcome the challenges through programmes designed for secondary school students.

The general manager maintained that young Nigerians had the intellectual capacity to impact the world as well as move the country to better economic fortunes.

According to him, the Nxploerer programme exposes young people in Nigeria to complex challenges facing the country and the world while also teaching them how to tackle the problems.

In a lecture entitled ‘Beat Plastic Pollution’, SPDC’s Senior Research Adviser, Environmental Team, Prof. Arthur Essaghah, said the use of bio-degradable plastics in Nigeria posed a serious danger to nation’s environment.

The exhibition included Archdeacon Brown Educational Centre, Jephthah Comprehensive Secondary School, Oginigba Comprehensive Secondary School.

Others are Brookstone Secondary School, Bishop Crowther Memorial Secondary School and Bloombreed High School. All the schools are in Port

 

Crude oil prices gain on supply concerns

Oil prices rose yesterday on escalating concerns about potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway are set to strike later in the day after failed wage talks.

Daily oil price as at Monday stood at $75.23 a barrel compared with $74.50 the previous Friday

The Canada production outage may also last till September and the country is losing 360,000 barrels per day. That is where the US crude oil prices are getting their support from.

More Europe and Asian countries are now cutting down their Iran oil purchases, this is also adding the premium to prices.

More supply concerns coming into the market that the US may push Saudi Arabia into increasing output.

 

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