SHELL PAYS NIGERIAN GOVERNMENT $42BN IN 4 YEARS

Shell Petroleum Development Company Joint venture and Shell Nigeria Exploration and Production Company (SPDC JV and SNEPCo) jointly contributed $145.1 million to Niger Delta Development Commission(NDDC) in 2015.

Of the total amount, Shell contributed $62.3 million, Royal Dutch Shell said in its Sustainability Report for 2015, which describes how it is working responsibly to help meet the world’s growing demand for energy.

Shell and SNEPCo also paid $1.1 billion to Nigerian Government as royalties and corporate taxes in 2015, with SPDC contributing $0.6 billion and SNEPCo $0.5 billion.

Direct spending on social investment projects in 2015 by SPDC JV and SNEPCo was $50.4 million with Shell accounting for $15.4 million.

Shell Companies in Nigeria(SCiN) spent $0.9 billion on local contracting and procurement with 93 percent of all contracts awarded to Nigerians.

The report added that as at October 2015, 94% of SCiN employees are Nigerians.
“In addition to SPDC and SNEPCo, Shell also holds interests in a number of offshore licences including the Shell-operated Bonga field (Shell interest 55%). Shell also has a 25.6% interest in Nigeria Liquefied Natural Gas (NLNG), which exports LNG around the world.

In his introduction to the Sustainability Report, Shell’s Chief Executive Officer Ben van Beurden said it was a significant year for the global community in 2015 with the adoption of the historic Paris Agreement by 195 countries demonstrating a commitment to bring about a lower-carbon energy system.

“I believe that greater co-operation across society is needed for a successful energy transition. More cross-sector coalitions – where business, government and civil society work effectively together – will accelerate the pace,” he said.
The report also contains details of payments made to governments in 2015 where it has upstream operations. This report, which details payments in 24 countries, is prepared in accordance with the UK’s Reports on Payments to Governments Regulations 2014 (as amended in December 2015).