LAGOS, NIGERIA 23 JUNE 2014 – Caverton Offshore Support Group PLC (“CAVERTON”, ISIN Code: NGCAVERTON07) is pleased to announce the commissioning of a 500-seater lecture hall ‘CAVERTON HALL’ at the Federal University of Technology, Minna, Niger State.
The commissioning ceremony which was attended by dignitaries from the State, the University and the Caverton Board of Directors has been lauded as a step in the right direction to assist in improving the quality of tertiary education in the country. Speaking at the occasion, the Group Chairman of Caverton, Aderemi Makanjuola stated that ‘This is in furtherance of our Corporate Social Responsibility ideals, and we are mindful to leave our footprint on the sands of time’. The construction commenced in 2010 and was completed in 2013.
The Group Chairman also announced during the commissioning that Caverton plans to deepen the collaboration with the Federal University of Technology, Minna by offering Internship (IT) positions to students of the institution. He further stated that Engineering students from the University who finish at the top of their class graduating with First and Second class upper degrees are encouraged to seek employment with Caverton.
Caverton continues to demonstrate commitment to Nigerian Government’s ‘Local Content Policy’, and the company has trained well over 40 local pilots and engineers from the ab-initio atage in the last 3 years. Caverton has made major donations towards numerous initiatives including Standard Chartered’s ‘Seeing is Believing’ project aimed at combating blindness; AMFAR (American Foundation for AIDS Research) aimed at AIDS prevention, treatment and research; Nigeria Association of Master Mariners towards the construction of the Association’s permanent site; to name a few.
It will be recalled that Caverton Offshore Support Group recently listed on the Nigerian Stock Exchange (NSE), the first oil and gas Service Company to go public in Nigeria. This new development shows a diversification in Caverton’s business portfolio and income base.
