Shell Nigeria pays FG $1.09 billion in Taxes in 2023

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Shell Nigeria disclosed that it exclusively transferred $1.09bn in corporate taxes and royalties to the Nigerian government in 2023, via the operations of the Shell Petroleum Development Company of Nigeria Limited and Shell Nigeria Exploration and Production Company of Nigeria Limited.

In the just published 2023 Shell Briefing Notes, the figures revealed that the SPDC paid $442m, with SNEPCo remitting $649m.

In a statement, the company’s Media Relations Manager, Abimbola Essien-Nelson, revealed that the two companies paid $1.36bn in 2022.

“These payments are Shell exclusive and do not include those made by our partners,” said SPDC Managing Director and Country Chair, Shell Companies in Nigeria, Osagie Okunbor.

Okunbor stated that Shell companies in Nigeria will keep contributing to the country’s economic growth by generating revenue and creating employment opportunities through supporting the development of local businesses.

Adding to that, he mentioned that Shell has been investing in Nigeria for over 60 years, and also mentioned the Briefing Notes report on the progress of the businesses of Shell Companies in Nigeria – SPDC, SNEPCo, Shell Nigeria Gas, and Daystar Power for 2023.

According to him, the reports demonstrated that the companies were persisting in driving progress, collaborating closely with stakeholders and communities to foster socio-economic development, and delivering cost-effective and cleaner energy solutions.

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