- Saturday, May 4, 2024
- Contact
Global
oil giant, Shell Plc paid $4.9 billion in 2023, representing a 29.71per cent
increase from $3.8 billion paid in 2022 to Nigerian government.
Shell
disclosed this in its latest report on Sustainability and Payments to Governments
for 2023 in 26 countries.
Payments
to the Nigerian government was put at $4,929,307,556, the payments were for
production entitlements, royalties and fees.
According
to the report, production entitlements amounted to $3,467,712,631; taxes
$587,644,761; royalties $727,850,830; and fees $146,099,334.
Further
breakdown showed that $139,994,044 was paid as fees to Niger Delta Development
Commission (NDDC); Nigerian National Petroleum Corporation (NNPC) received
$3,467,712,631 as production entitlement; Nigerian Upstream Petroleum
Regulatory Commission (NUPRC) received $727,850,830 royalties and $1,732,350
fees.
Others
include Federal Inland Revenue Service (FIRS) received $587,644,761 taxes;
National Agency for Science and Engineering Infrastructure received $4,287,050
fees while $85,890 fees went to Nigeria Police Trust Fund.
In his
introduction to the report, Chief Executive Officer, Shell Plc, Wael Sawan,
said: “In 2023, we made good progress in our goal of creating more value with
less emission. As we continue to deliver the oil and gas that the global energy
system relies on, we are reducing the carbon emitted in its production. We are
also investing in low-carbon and non-energy products that reduce emissions for
our customers.
“We
have already achieved some of the commitments made under our respecting nature
goal, which we set in 2021. These include reducing fresh-water consumption by
15per cent compared with 2018 in areas where water supplies are stressed, which
we reached ahead of the target date of 2025. We are also making progress in our
ambition to become one of the most diverse and inclusive organisations in the
world.”
The
report showed that a total of $29,516,841,538 was paid to governments in 26
countries during the year.
Leave Comments