“You never change things by fighting the existing reality.To change something, build a new model that makes the existing model obsolete.” ― R. Buckminster Fuller (1885-1983)
In Nigeria, and by extension Africa, infrastructural decadence has become the norm as governments over the years have learnt and mastered the act of abandoning projects halfway only to be further abandoned by the subsequent governments.
This situation has continued to hinder the potential greatness of Nigeria, a country naturally endowed with all manner of untapped mineral resources save for crude oil which has become a mainstay for the national economy.Sadly though, crude oil receipts over the years, has not translated to infrastructural or economic development.
However, with the intervention by International Oil Companies through the model known as Corporate Social Responsibility, relief has come the way of most Nigerians. An exemplary case study is that of the American oil giant, ExxonMobil.
In different areas spanning education, health, road infrastructures, rural community development, human capacity development, the company has relentlessly shown commitment to an unparalleled, world class CSR scheme.
Education:
In promoting its educational support programme in the country, the company has spent over N4 billion on the Nigerian National Petroleum Corporation/Mobil Producing Nigeria Joint Venture undergraduate scholarship which it extended to Nigerian students from all parts of the country, while 50 per cent of this amount or N2 billion went to students from Akwa Ibom State, being the state hosting most of the company’s activities in Nigeria.
Similarly, over N57 million has been spent on the NNPC/MPN JV secondary school scholarships targeting indigent students from Akwa Ibom State over the last four years while over N1 billion was spent on the NNPC/Esso Exploration and Production Nigeria Limited (ExxonMobil subsidiary company) international postgraduate scholarship to Nigerian students in the last two decades.The company by its actions has demonstrated belief that an educated society is a developed society.
For a company that currently accounts for over 30% of Nigeria’s crude production, thereby becoming the highest crude oil producer and revenue contributor to the nation, ExxonMobil more than other IOC’s have shown commitment to Nigeria, generating well over N1 trillion annual revenue contribution to the federal government of Nigeria since 2010. ExxonMobil has also contributed more than N160 billion to the NDDC since 2001.
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