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Article

22 Jun 2001

Author:
UN Integrated Regional Information Networks

Shell, IFC loan fund for Niger Delta

Oil giant Royal/Dutch Shell and the International Finance Corporation (IFC) have proposed a US $30-million loan fund aimed at improving job opportunities in Nigeria's impoverished and volatile Niger Delta oil region. The main beneficiaries will be contracting firms to Shell owned by indigenes of the Niger Delta or employing people from the area.