Last year, Shell made exclusive payments totaling $1.09 billion in corporate taxes and royalties to the Government of Nigeria, facilitated through the operations of The Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company of Nigeria Ltd (SNEPCo).

According to the 2023 Shell Briefing Notes, SPDC contributed $442 million, while SNEPCo remitted $649 million. Comparatively, in 2022, these payments amounted to $1.36 billion.

Osagie Okunbor, SPDC Managing Director and Country Chair of Shell Companies in Nigeria, clarified, “These payments are Shell exclusive and do not include those made by our partners.” He emphasized Shell’s commitment to Nigeria’s economic growth through revenue generation and job creation by supporting local businesses.

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With over 60 years of investment in Nigeria, Shell remains dedicated to progress. The Briefing Notes detail the advancements of Shell Companies in Nigeria – including SPDC, SNEPCo, Shell Nigeria Gas, and Daystar Power – throughout 2023. These reports highlight the companies’ efforts in promoting socio-economic development and providing cost-effective and cleaner energy solutions in collaboration with stakeholders and communities.

Mr. Okunbor reiterated Shell’s ongoing presence in Nigeria, affirming the company’s continued partnership in the country’s energy sector through its deep-water and integrated gas businesses. He emphasized Shell’s collective focus on safe operations and employee well-being