The Shell Petroleum Development Company (SPDC) has donated a whooping sum of USD5 million (N1.8 billion) to finance projects in the Nigerian Maritime University (NMU), in Delta state.
Mr. Osagie Okunbor, SPDC Managing Director, made this known at the formal signing of a Memorandum of Understanding (MoU) yesterday with the institution’s Vice Chancellor, Prof. Ongoebi Etebu, in Port Harcourt.
According to the SPDC MD, the projects would commence in phases with the building of lecture theatre complex followed by several other high priority projects.
“To this end, SPDC has committed USD5 million to the Nigerian Maritime University. This support and donation of infrastructure will be phased over three years. The proposed lecture theatre complex, which was designed by the university, is a two-floor furnished building that comprises three lecture auditoria.
“Other facilities in the complex include eight classrooms, one e-classroom, fourteen offices and eighteen conveniences,” the MD stated.
Okunbor said the donation was conceived after several meetings with the Minister of State for Petroleum, Mr. Ibe Kacchikwu, and Joint Venture partners.
“The MoU will provide the management framework for overseeing the successful delivery of projects with both SPDC and NMU representation on the Project Management Committee.
“This support ties our Global Social Investment Theme on Education as well as lead to our longstanding support for education and capacity development of the Nigerian youth,” the MD added.
The VC of NMU said that SPDC was the only company in Nigeria and abroad that supports the university adding that the university, being one of the newest in Nigeria, lacked key priority infrastructure needed for learning.
“We have had our project management committee meeting and hopefully the project will start in April. We wish that other companies emulate SPDC to support NMU,” the VC stated.