International Oil giant ExxonMobil, will be pumping US$100 Million to boost training opportunities in Science, Technology, Engineering, and Mathematics (STEM).

The announcement was made by the company’s Chief Executive Officer, Darren Woods during an engagement at State House on Monday night.

During his remarks, Mr. Woods noted that Guyana’s oil and gas development offshore must create opportunities for progress onshore.

He said ExxonMobil is committed to working with the Government to transform the economy and bring prosperity to people, by investing in education.

“And that is why today, I am extremely pleased to announce the ExxonMobil Guyana Stem Initiative, a US$100M investment over the next decade to strengthen education in science, technology and math all across Guyana. STEM is the foundation for every modern society, these disciplines would help to power Guyana’s success in the 21st century,” Mr. Woods said.

Mr. Woods, said later this year  ExxonMobil will also launch a comprehensive teacher training programme in Math and Science education, in collaboration with the Ministry of Education and the University of Guyana.

“Additionally, we will establish a nationwide network of STEM canters with the first starting in Georgetown at the University of Guyana somewhere around 2028-2029. These centers will provide learning for pre-teens and adults all across the country, mirroring a successful model that President Ali visited in the states last year,” Mr. Woods noted.

President Irfaan Ali welcomed the investment by ExxonMobil, saying that it is critical that Guyanese are equipped with the necessary skills and knowledge to take the country forward and to ensure the capability and capacity.

The President said the training agenda is deliberately linked to the pathway that the country is taking in advancing the country forward, saying it is a pathway of innovation, education and entrepreneurship.

“This education agenda and this centre that will be completed in 2028, but work will start a long time before that and we have chosen the University of Guyana to do this because we want to elevate what STEM education is even for the younger children so that they could be in a campus setting from a very young age,” the President noted.

The President said the investment marks a demonstration of the strength of the partnership between ExxonMobil and the Guyana Government. Only last week, a $120 Million technical training college was opened in Berbice, a joint partnership between ExxonMobil and Guyana.

Related posts:

World Trade Centre-Georgetown opening seen as major boost to Guyana’s transformation New AIDEN by Best Western Hotel opens its doors as major boost to Guyana’s tourism product Guyana inks US$44 Million loan agreement with World Bank to boost education programme Award-winning Stem Guyana Team celebrated at State House