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

(2/21/11) 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 contribute $25 million each over four years to support a
portfolio of programs in the oil-rich region. The oil giant's contribution 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.

"Chevron and USAID Partner to Improve Living Standards in the Niger Delta Through $50 Million Alliance." Chevron Corporation Press Release 2/18/11. http://bit.ly/eMQpdP


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