Chevron: We’ve not abandoned Nigeria for investments in 2024

Chevron Nigeria Limited (CNL) has debunked a report that the company has snubbed Nigeria in terms of investment prospects in 2024.

Chevron, the operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL, described the report as “untrue and does not represent the position of CNL in Nigeria”.

The company, in a statement issued by its spokesperson, Esimaje Brikinn, on Monday, December 18, added: “CNL remains committed to sustaining the existing mutually beneficial and long-term relationship with Nigeria and other stakeholders as demonstrated by our significant economic and social investments in Nigeria over the last six decades.

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“These investments have generated visible and viable socio-economic development in several communities across Nigeria.

“CNL affirms that capital discipline and higher returns to shareholders remain some of our top priorities.

“CNL will, along with industry peers in Nigeria, continue to engage the government on policies and opportunities to ensure global competitiveness and sustainability of the petroleum industry.”

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