Chevron, USAID Pledge $50 Million to Improve Living Standards in Nigeria

Chevron, USAID Pledge $50 Million to Improve Living Standards in Nigeria

Chevron has announced the signing of a memorandum of understanding (MoU) with USAID to support programs that promote economic development, improve the capacity of government and civil society institutions, and help reduce conflict in the Niger Delta region of Nigeria.

The Niger Delta Partnership Initiative Foundation, an organization established and endowed by Chevron in 2010, and USAID will each contribute $25 million over four years to support a portfolio of programs in the oil-rich delta region. The oil giant's $25 million contribution to the MoU will be drawn from the foundation's endowment, while USAID will work to double the amount through a one-to-one match with donor partners. For its part, NDPI will collaborate with its Nigerian affiliate, the Foundation for Partnership Initiatives in the Niger Delta, to design, develop, and monitor programs in the areas of economic development, capacity-building, peace-building, and analysis and advocacy.

Over the past decade, Chevron and USAID have formed alliances that have contributed more than $100 million in six countries in Africa, Asia, and Latin America.

"We have a long-standing commitment to West Africa," said NDPI chair Ali Moshiri. "Chevron's support of the NDPI Foundation recognizes that our business is fundamentally linked to the sustainable development and peaceful co-existence of communities in the places where we operate."