Over $6.397 billion was paid to the Federal Government and its agencies in 2018 by Shell exploration and production companies in Nigeria, The Nation has learnt.
In the group are Shell Petroleum Development Company of Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo).
The payment represents a 48 per cent increase over payments ($4.322 billion) by the companies.
The facts formed part of the four documents released yesterday by the Group Chief Executive Officer of the Royal Dutch Shell, Ben Van Beurden, to signal the firm’s renewed commitment to greater transparency.
The documents are “Shell Sustainability Report”; “Industry Associations Climate Review”; “Nigeria Briefing Notes”; and “Payments to Government”.
