As part of its efforts to give back to the society and invest in education, CAMAC Nigeria Limited, a Nigerian owned Texas-based oil and gas exploration and production company, has awarded scholarship to students in tertiary institutions.
The decision to award the scholarships, the company said, was borne out of the company's desire to contribute to the development of education lend a helping hand to indigent students.
General Manager of the company, Mr. Laide, said seven Nigerian universities had benefited from the scholarship programme with an initial award of N100, 000 per session to 14 students.
"We were at the university of Lagos, University of Ibadan, Ahmadu Bello University, Federal University of Technology, Akure, Obafemi Awolowo University, University of Port Harcourt and the Federal University of Petroleum Resources, Owerri. What we did was to ask the schools to give us names of two students in some departments we prescribed who are outstanding in their academic performances but are unable to pay their fees".
Laide stated that the students would continue to enjoy the scholarship as long as they continued to maintain or surpass the academic performance the company prescribed.
He said writing materials were also supplied to public schools in Lagos State, which include St. George Primary School; Kuramo Primary School; Arch Bishop Taylor Primary School; St. George Primary School among others.
"We also took the project to public primary schools in Lagos where we distributed 10, 000 copies of exercise books to pupils in the schools. We were surprised to discover that some of these children could not afford writing materials like exercise books to write in class and we are glad to play a role in changing their fortunes", he stated.
The CAMAC general manager however, stated that the scholarship gesture would continue and be expanded to accommodate more students in that category.
He added: "We have plans to widen the scope of the donation to other universities and increase the number of beneficiaries to enjoy the scholarship. We believe that if we are able to give people proper education, we have given them an instrument of liberation and prosperity".
He therefore called on other organisations in the country to emulate such step and give back to the society out of the abundance of the profit they make from doing business in their communities.
He added that the task of developing the society must not be left to the government alone.
The company also has a foundation, the CAMAC Foundation established in 2011 to uplift lives and empower communities by providing greater avenues for achievement, independence and prosperity.
"As we invest in communities, we pursue projects with strategic goals that are aligned with global and social priorities as well as our business strengths. We seek to have a meaningful impact by focusing the majority of our spending on challenges in the regions where we operate".