Nigeria: NNPC, Partners Disburse $360m for Ogoni Clean-Up
The Nigerian National Petroleum Corporation (NNPC) and its joint venture partners – Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG) and Nigerian Agip Oil Company (NAOC), have disbursed $360million towards the Ogoniland Clean-up project as recommended by the United Nations Environment Programme (UNEP).
The Group Managing Director of the NNPC, Mallam Mele Kyari, made this disclosure during a presentation to the House of Representatives Committee on Environment and Habitat at the National Assembly Complex in Abuja, according to a statement by the corporation’s Group General Manager, Group Public Affairs Division, Mr. Samson Makoji.
Kyari, who was represented by the NNPC’s Chief Operating Officer, Upstream, Mr. Roland Ewubare, stated that funding was not the challenge of the Ogoniland clean-up project.
He stressed that NNPC and its JV partners were up-to-date in their financial remittance to the clean-up project fund based on the United Nations Environment Programme (UNEP) framework.
“Ogoni clean-up is a massive issue and NNPC and its JV partners are ready to fund the project as prescribed by the UNEP Report. We have so far disbursed $360million out of the $900million recommended. The disbursement was based on the standards set which required that we release funds based on the implementation parameters of the clean-up exercise,” Mele Kyari said.
He noted that though NNPC and its JV partners were not responsible for the implementation of the clean-up, all stakeholders must come together to ensure that the project was carried out successfully.