Have you heard: 'We paid N2.707trn in taxes, royalties' says Shell Nigeria - ITREALMS

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The Shell Nigeria has exclusively paid a total of $1.09 billion, about N2,707,310,000,000.00 trillion, in corporate taxes and royalties to the Federal Government of Nigeria for year ended 2023, reports ITREALMS.

These payments were made through the operations of the Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company of Nigeria Ltd (SNEPCo).

Shell Nigeria paid $1.09bn in taxes, royalties in 2023 - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

Shell Nigeria has exclusively paid a total of $1.09 billion in corporate taxes and royalties to the Federal Government of Nigeria last year through the operations of The Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company of Nigeria Ltd (SNEPCo.)

The figures, announced in the just published 2023 Shell Briefing Notes, show that SPDC paid $442 million, while SNEPCo remitted $649 million. Similar payments made by the two companies in 2022 amounted to $1.36 billion.