Shell Nigeria has announced that its companies operating in the country paid a total of $1.09 billion in corporate taxes and royalties to the Nigerian government in 2023.
According to Abimbola Essien-Nelson, Shell’s media relations manager, this figure includes payments made by the Shell Petroleum Development Company of Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company of Nigeria Limited (SNEPCo).
The 2023 Shell Briefing Notes revealed that SPDC paid $442 million, while SNEPCo remitted $649 million to the Nigerian government’s coffers.
Osagie Okunbor, the SPDC Managing Director and Country Chair of Shell Companies in Nigeria, emphasized that these payments are exclusively Shell’s and do not include those made by the company’s 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,” Okunbor said.
He added that Shell has been invested in Nigeria for over 60 years and remains a major partner in the country’s energy sector, particularly in its deep-water and integrated gas businesses.
The 2023 Briefing Notes also highlighted the progress of Shell’s other businesses in Nigeria, including Shell Nigeria Gas and Daystar Power, as the company continues to work closely with stakeholders and communities to promote socio-economic development and provide cost-effective and cleaner energy solutions.
Okunbor reiterated that Shell is not leaving Nigeria and is committed to delivering safe operations and caring for its people in the country.
