Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 - Politics

Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 (17282 Views)

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Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by treesun(op): 9:13am On May 08, 2024

Shell Nigeria has said it exclusively paid a total of $1.09billion in corporate taxes and royalties to the Nigerian government in 2023, through the operations of the Shell Petroleum Development Company of Nigeria Limited and Shell Nigeria Exploration and Production Company of Nigeria Limited.

The company’s media relations manager, Abimbola Essien-Nelson, in a statement said similar payments made by the two companies in 2022 amounted to $1.36billion.

The figures, announced in the just published 2023 Shell Briefing Notes, showed that the SPDC paid $442m, while SNEPCo remitted $649m.

SPDC Managing Director and Country Chair, Shell Companies in Nigeria, Osagie Okunbor said the payments are Shell’s exclusive and do not include payments made by other partners.

“These payments are Shell exclusive and do not include those made by our partners,” said Okunbor.

Okunbor explained, “Shell companies in Nigeria will continue to contribute to the country’s economic growth through the revenue we generate and the employment opportunities we create by supporting the development of local businesses”.

He added that Shell has invested in Nigeria for more than 60 years, adding that the Briefing Notes report on the progress of the businesses of Shell Companies in Nigeria – SPDC, SNEPCo, Shell Nigeria Gas and Daystar Power for 2023.

The reports, he said, showed that the companies continued to power progress, working closely with stakeholders and communities to promote socio-economic development and providing cost-effective and cleaner energy solutions.

“It is important to emphasise that Shell is not leaving Nigeria and will remain a major partner of the country’s energy sector through its deep-water and integrated gas businesses. Our collective focus remains on delivery of safe operations and care for our people,” Okunbor maintained.

https://saharareporters.com/2024/05/08/shell-company-confirms-paying-over-1billion-tax-nigerian-government-2023

4 Likes 1 Share

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by schekubeh: 9:14am On May 08, 2024*

All stolen! undecided

1 billion dollars is nearly 1.5 trillion naira!

179 Likes 12 Shares

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by PlasmaTV: 9:16am On May 08, 2024

The money has gone into buying swanky watches for a certain politician's son.

At this point, anybody still supporting APC should honestly get a cranium check cos this party is TERRIBLE. Terrible!!!

Many multinationals are trooping out of Nigeria, and this vegetable and his minions are still taxing the ones remaining, taxing citizens and making life unbearable for all.

I have a prayer point:
If you are part of the people who voted/forced/selected this man into power, may your life be like Nigeria is. Amen.

143 Likes 8 Shares

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Naijanascam: 9:23am On May 08, 2024*

Giant of Africa with giant of negative problems

grin

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Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Chibuzoc(m): 10:23am On May 08, 2024

the animals in the zoo stole the damn fecking money.

Nigeria is gone, switch to survival mode ASAP

57 Likes

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by BigDawsNet: 10:23am On May 08, 2024

Due to the recession and to save on energy costs,

the nigeria light at the end of the tunnel will be turned off..

Get ur torchlight now

34 Likes 1 Share

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Judolisco(m): 10:24am On May 08, 2024*

Make yahaya bello no see dis money oh... I won't say more than that

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Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by AqualinaXYZ: 10:24am On May 08, 2024

All the money gone to Tinubu depleted bed wetting anus

How can a president be using national budget to be sniffing cocaine from morning till morning no cease fire

57 Likes 4 Shares

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Brendaniel: 10:24am On May 08, 2024*

Yet in the same 2023 they claimed there was no money and had to take loan

The question is where are all these type of monies going to, did the federal government make it public, would Nigerians have known if shell did not make it public?

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Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by fastseo: 10:24am On May 08, 2024

Much money to the federal government yet nothing to show for it

29 Likes 1 Share

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Wisdomclass1: 10:24am On May 08, 2024

I still support Bateria

He can make this country great

4 Likes 1 Share

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by eteebanky1: 10:25am On May 08, 2024

I don't think tinubu has anything to offer

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Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by StOla: 10:25am On May 08, 2024*

schekubeh:
All stolen! 1 billion dollars is nearly 1.5 trillion naira! Nigerians need to destroy APC before APC destroys Nigeria.

Na you steal am?

Or did anyone in government declare it missing?

Is it not their duty to pay their taxes and royalties as at when due?

Is it not the role of the government to collect it?

Where is the scandal in this news report.

3 Likes 1 Share

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by onome25(m): 10:25am On May 08, 2024

schekubeh:
All stolen! 1 billion dollars is nearly 1.5 trillion naira! Nigerians need to destroy APC before APC destroys Nigeria.

All stolen bro....
Just see as money de fly enter some thieves pocket😰....God pls punish all these leaders that have stolen the Nigerian state & punish all its supporters😡 & allies😡 amen!!!🙏

21 Likes 1 Share

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by NairalandGOAT1: 10:25am On May 08, 2024

O ti lor

4 Likes

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Typicool8(m): 10:25am On May 08, 2024

Zombies will avoid this thread like a plague

18 Likes

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by CrownedPhoenix: 10:25am On May 08, 2024

Wow! This is a lot from only one company. How much more others.

Imagine they didn't speak, we wouldn't have known what's going on

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Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Olatundex22(m): 10:26am On May 08, 2024

🧐 wait we have 2 APC government in 2023, which of them collect this money.. this news no complete without date. Thunder where you dey when we need you

8 Likes

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by GanagiBitrus: 10:26am On May 08, 2024*

Baba God really blessed Nigeria with stupendous wealth, &no Natural Disasters.
The only "Natural Disaster" we have is BAD LEADERS.

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Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Mosdiii(m): 10:26am On May 08, 2024

Can you imagine!! Yet they still want to tax us to oblivion with COT and the rest.

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Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by LibertyRep: 10:26am On May 08, 2024

...and where's the money?

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Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Ebubu: 10:26am On May 08, 2024

Why are we still being taxed into poverty?

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Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by ScamDemicEra: 10:26am On May 08, 2024

...... how I wish the money somehow end up helping the poor, the occultists have shared it.

May OLODUMARE hasten the expiry date.

9 Likes

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Ebeano49(m): 10:27am On May 08, 2024

Plenty money yet nothing to show for it
Education, zero
Roads, zero
Electricity, zero
Health, zero
Security, zero.

Politicians are getting richer while Nigerians are getting poorer

5 Likes

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by INTEGRITYA1(m): 10:27am On May 08, 2024

In this same Economy where so many people are complaining.
If Shell should pay US1 billion dollar as tax, we should imagine how much was their profit after tax in 1 calendar year.

Truly, Idea rule the world.

10 Likes 2 Shares

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by ClassicMan202(m): 10:27am On May 08, 2024*

Just how the money was spent... Then watch how some I'diots foaming from the mouth will rise to defend their pay masters

1 Like

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by mikeapollo: 10:29am On May 08, 2024

eteebanky1:
I don't think tinubu has anything to offer

Exactly! Tinubu is actually empty!

8 Likes

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Chicagograduate(m): 10:29am On May 08, 2024

We don't feel the impact of oil money Nigeria is making.Instead,we are being overtaxed by Tinubu with our low minimum wage.
Nigeria is an opec country.Yet the citizens are living in penury.

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Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by DropsMic(m): 10:29am On May 08, 2024

Voicemail

1 Like

Re: Shell Confirms Paying $1Billion Tax To Nigerian Government In 2023 by Scarrr: 10:30am On May 08, 2024

Once obedients hear figures like this ... wailing don start, den sabi make up stuffs in their little brains😹

2 Likes

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