Shell Confirms Paying Over $1 Billion Tax To Nigerian Government In 2023

Shell Confirms Paying Over $1 Billion Tax To Nigerian Government In 2023

Shell Nigeria has said it exclusively paid a total of $1.09billion 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.

The company’s media relations manager, Abimbola Essien-Nelson, in a statement said similar payments made by the two companies in 2022 amounted to $1.36billion.

The figures, announced in the just published 2023 Shell Briefing Notes, showed that the SPDC paid $442m, while SNEPCo remitted $649m.

SPDC Managing Director and Country Chair, Shell Companies in Nigeria, Osagie Okunbor said the payments are Shell’s exclusive and do not include payments made by other partners.

“These payments are Shell exclusive and do not include those made by our partners,” said Okunbor.

Native Reporters