Shell pays Nigeria USD 1,594, 974, 771 in taxes, royalties and fees in 2021

 

NETHERLANDS – Royal Dutch Shell(Shell) paid the Nigerian government a total of USD 1,594, 974, 771 as taxes, royalties and fees in the year 2021.

According to the report, the sum of USD 511, 270, 685 was specifically paid as taxes for the year 2021. This was published in Shells 2021 sustainability report, industry associations and payment to governments puts Nigeria’s production entitlement for the period at USD2, 885,571,789.

Shell also paid USD 573,430,812 as royalties to the Nigerian government, and  USD 510, 274, 274 as fees. According to Shell, the 2021 Shell Sustainability Report outlines the progress towards many of its Powering Progress strategic ambitions, and shares related social, safety and environmental performance data.

In his introduction to the report, Shell’s Chief Executive Officer, Ben van Beurden, writes:“Our Powering Progress strategy, which we launched in 2021, sets out how Shell can play a leading role in helping the world to reduce its carbon emissions.

“At the heart of our strategy lies our own target to become a net-zero emissions energy business by 2050, in step with society’s progress in achieving the Paris climate goals. In this, our 25th Sustainability Report, we share how we are working towards our Powering Progress goals.”

Shell also published its 2022 Industry Associations Climate Review Update. It provides a progress update on actions that Shell has taken over the past year to address differences in climate-related positions with industry associations where the company identified misalignment. It also provides a summary of how much Shell paid to 36 associations in 2021.

In addition, Shell published its 2021 Payments to Governments Report covering countries where it has exploration and production activities. This report details payments in 25 countries and was prepared in accordance with the UK’s The Reports on Payments to Governments Regulations 2014 (as amended in December 2015).