Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


30 Nigerian CEOs pledge new CSR intervention for economy

26 May 2014, 21:25

Lagos - Lagos - Thirty Chief Executive Officers (CEOs) of Nigerian companies have pledged their commitment to boost government's effort in expanding the economy and social welfare of the citizenry.

The CEOs made the pledge at a dinner hosted by Shell Petroleum Development Company in Lagos.

Their commitments when operational will inject about $350 million (about N56.82 billion) fresh development funds into the economy.

The CEOs, who identified themselves as "Transformer in Lagos'', said that their aim remained a coordinated Organised Private Sector (OPS) investment in Corporate Social Responsibility (CSR).

They also identified their areas of concerns as skills-based education, energy, health and stimulation of sustainable creativity.

According to the convener, Mutiu Sunmonu, the aim of mobilising the CEOs is to create a new platform for urgent and practical intervention of Corporate Nigeria in the socio-economic transformation of the nation.

Sunmonu, who is the Managing Director, Shell Petroleum Development Company (SPDC), said the platform would harmonise the CSR actions to meet the demands of Nigerians toward sustainable development and self-reliance.

"Over the years, I have stopped talking about Shell's commitment of about $250 million every year in CSR.

“For me, and I know most of you feel the same way, it seems people are not listening or that we are not communicating.

"So, the urge for us to come together and develop new approach for intervention,'' said Sunmonu who is also the Country Chairman, Shell Companies in Nigeria.

"It is how we can actually get synergy on some of the things we do to promote the agenda of the Council of Sustainable Business Development in Nigeria.

"I want it to be the beginning of a foundation of a transformation.

"Transformation that is going to be led by business, transformation that all of us will hand over to generations yet unborn.''

-     NAN

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...