ExxonMobil Contributes N67.5b To NDDC

Between 2001 and June 202O, the Multinational oil company, ExxonMobil, based in Mkpanak, Ibeno Local Government Area of Akwa Ibom State, contributed N67.5 billion to the Niger Delta Development Commission (NDDC). 

 Speaking at an interactive session with Journalists in Uyo, on Tuesday, the Manager, Media and Communications, ExxonMobil, Mr Ogechukwu Udeagha, said:“Our affiliate companies’ total statutory contributions, from 2001 to June 2020, to the Niger Delta Development Commission (NDDC), is N67,547,369,066, ” Udegha said. 

He said that ExxonMobil affiliates contributed significant value to the Nigerian economy. 

“Our operations account for a substantial portion of the country’s crude oil production volumes. In the last 10 years alone, our affiliates contributed over N130 billion dollars in revenues to the Federal Government. 

“This comprises direct taxes and royalties, plus the NNPC share of profits from ExxonMobil affiliates operated ventures,” Udeagha said. 

He added that the company had earmarked N600 million for the building of an Intensive Care unit (ICU) in Eket, which was already ongoing. 

Udeagha also said that the company has not shirked in its Corporate Social Responsibility as evident in some of its social investments in the areas of its operations, describing as an irony the fact that the people of the region were “ asking the OICs to do the work that NDDC is supposed to do.” 

“70 percent of our staff live and work here in the state and we pay about N7 billion to the state government through PAYE and of course the 13 percent derivation. 

“You can, therefore, realize the impact we are making on the state’s economy. We are closely linked with the state government and it’s important that we work together,” he said. 

On the allegedly sack of contract staff, he said the multinational company does not have any business with third parties. 

“We keep our contractors’ obligations and by law, we cannot sack contract staff because they are not our staff. They are not under our purview. “We didn’t sack any contract staff or employees. nan.”