Shell Nigeria says it exclusively paid a total of $1.09bn in corporate taxes and royalties to the Nigerian government in 2023, through the operations of the Shell Petroleum Development Company of Nigeria Limited and Shell Nigeria Exploration and Production Company of Nigeria Limited.
This was revealed in a recent publication of Shell’s briefing notes for 2023, showing that SPDC paid $442 million while SNEPCo paid $649 million, according to The Punch.
According to the statement by the company’s Media Relations Manager, Abimbola Essien-Nelson, similarly, a total of $1.36bn was paid by the firms in 2022.
“These payments are Shell exclusive and do not include those made by our partners.
“Shell companies in Nigeria will continue to contribute to the country’s economic growth through the revenue we generate and the employment opportunities we create by supporting the development of local businesses,” said SPDC Managing Director and Country Chair, Shell Companies in Nigeria, Osagie Okunbor.
In addition, he said that Shell has been investing in Nigeria for more than 60 years, and the Briefing Notes for 2023 provide information on SPDC, SNEPCo, Shell Nigeria Gas, and Daystar Power.
He said the reports demonstrate that the companies work together with stakeholders and communities to promote socioeconomic development and provide cost-effective solutions for environmentally sound energy consumption.
“It is important to emphasise that Shell is not leaving Nigeria and will remain a major partner of the country’s energy sector through its deep-water and integrated gas businesses. Our collective focus remains on delivery of safe operations and care for our people,” Okunbor maintained.
