₦airaland Forum

They collect from locust bean, salt sellers, removed subsidy and taxing people to death. Surprised LanreToye asking about money.

But you guys said Shell have left Nigeria

Owo yen da?

heykims:
I can only imagine how much they earn in profit of they could pay this billion of dollars as just tax.

black man and poor mentality.

Instead of asking and imagining what the government did with all these taxes/money and why it's not impacting on the lives of Nigerians.

Instead of you to be worried that the money most have found its way into the pockets of corrupt politicians.

Na Shell profit wey suppose be the least of your worries be your problem.

Something is endemically wrong will a black man

abc115:
But you guys said Shell have left Nigeria

they did not, they only sold their land and shallow water assets.

wink2015:
POLITICAL LEADERS IN NIGERIA ARE VERY CORRUPT THAT IS THE REASONS ALL THIS MONEY IS NOT REFLECTING ON THE LIVES OF THE CITIZENRY.

The masses will not divide themselves even further with religion and ethnicity.

While the politicians make themselves comfortable with the spoil of public office.

It has been like this since Independence period till date nothing much has changed.

Politicians are very corrupt.

I don't think it has been like this

If not my father whose parents are farmers and his peers that I know wouldn't have been able to attend basic school moreover work in good companies and be able to cater for their children

Now in nigeria to give birth to more than 1 child is becoming a liability for the innocent


This carnage ( including mean religious and ethnic profiling) and economic carnage started from say gej time and it's getting worst

Bentacur007:
Where are those monies going to?
No impact at all
Fuel subsidy removed- No impact
Nigeria has cleared IMF debt- No impact

Tinubu and his gangs are using it for flexing at the expense of ordinary Nigerians whom life has become unbearable for because of his stupid not well thought out policies

Where are these going into.

and the South-south region where the petroleum products are drilled is still a shit-hole..

Likalu:

---

Common gerarayea!!

DryMouth:
What have the Nigerian govt done with these very huge money they got from chevron and shell?
Omo!

asking such question in Tinubu regime?

be like I go join politics o

..wey the monies...bullion vans...?

..the maladministration of mandate thieves used 50% of the money to bribe lawmakers: 3billiin naira for senate..2 billion for House of representatives...to carry out illegalities & criminality policies against Nigerians..including the state of emergency...

..the rest 50% is shared by ministers..head of parastatals, fanilies of mandate thieves etc..

The tax collector is on the seat
When those coys start closing down operations now zombies will say it's normal
How can you be the highest taxing country when you're looking to increase your production?
And where did all the money go to?

where all dis money dey go. bllion dollars. no be naira o

Lanretoye:
All these money and then still commot subsidy,and still tax the masses heavily is not fair.

Be like dis zombie don dey get sense small small
Y'all gon learn and learn the hard way
Continue worshipping political looters
Wait till their tax reform bill starts operations and more multinationals start jumping ship

Ikaeniyan0:
The money the government paid back to IMF and other debtors nko? Nigerians traveling abroad for vacations, medical reasons and educational reasons, where do you think the dollars come from?

How about the oil importers, where do you think they source their dollar from? Where do you think Dangote get his dollars when he wants to import crude oil into Nigeria?

Just look at the rubbish this one is writing
So people going abroad for education and medical reasons use government income to sponsor themselves
What school did you attend

where is my share?

Ikaeniyan0:
The money the government paid back to IMF and other debtors nko? Nigerians traveling abroad for vacations, medical reasons and educational reasons, where do you think the dollars come from?

How about the oil importers, where do you think they source their dollar from? Where do you think Dangote get his dollars when he wants to import crude oil into Nigeria?

Dangote refinery also reduces dollar demand.
Subsidy removal has reduced fuel imports.

Apart from the looting that has wrecked Lagos continuing at federal level, there is also the reckless profligacy of luxury items and junketing the world by ebilokan, which is why they are borrowing despite all the oyoyo promise by the All Promises Cancelled, APC incorruptible people of integrity.

ManirBK:
Aug 28, 2023
The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.

He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.

He reiterated the President Bola Tinubu-led administration’s desire to bring back the economy from the wood it has found itself over time.

https://www.vanguardngr.com/2023/08/fg-ends-borrowing-finance-minister/amp/

anonimi:
The highest dollar payment from Shell, subsidy removed, other taxes from the people increased, corruption removed yet ebilokan can't achieve his short term goal of N300/$1 after two years hitting the ground running cluelessly despite $3.3 billion Afreximbank to defend the Naira?

How did we end up with such an incompetent olodo right after Buhari who was thought to be the epitome of cluelessness in governance

Did you read I guess you didn’t…that money includes crude oil sales Nigerian portion!!!

Enough money for all the politicians to share under one APC umbrella. Join now or be excluded from the largesse

LeopardX:
Im just wondering how much they must have realised before they can pay that amount. Jeez!

more like paying mere 10%.

Atheistan:
So i should be grateful that i bought dollar at outrageous rates with my own money. Wow just wow..
Your 30k salary should be collected back.

As in.... can you believe someone can be so dumb
He's been so brainwashed to defending government he doesn't even think about what he's writing

diverseconcepts:
where is my share?

Follow Akpabio's advice to get your own share.

Omicronvaccine:
Wherever You See Free Food, Eat It - Nigerian Senate President, Senator Akpabio Advises Nigerians


https://www.youtube.com/watch?v=fIdtxSZDQoY

treesun:
https://nairametrics.com/2025/05/16/shell-confirms-it-paid-nigeria-5-34bn-in-taxes-charges-in-2024-its-highest-government-payout-globally/

Energy major Shell Plc paid $5.34 billion to the Nigerian government in 2024, the largest amount it remitted to any country, even as it continues to divest from its onshore oil operations in Africa’s largest crude producer.

The largest share of over 71% went to the Nigerian National Petroleum Corporation (NNPC), amounting to $3.8 billion.

A breakdown of the payments is as follows:
Nigerian National Petroleum Corporation (NNPC): $3,804,949,166
Federal Inland Revenue Service (FIRS): $648,734,398
Nigerian Upstream Petroleum Regulatory Commission (NUPRC): $781,963,813
Niger Delta Development Commission (NDDC): $97,260,899
National Agency for Science and Engineering Infrastructure (NASENI): $3,931,917

Multiple taxation making Shell's tax to the Nigerian government the highest in the world.

Meanwhile, the above breakdown is for 71% of the tax Shell remitted to government agencies. meaning there are still more government agencies that collect money from Shell. that is not inclusive of "deve".

what do agencies like NUPRC, NDDC and NASENI need taxes from shell for?

And yet the citizens are still hungry?? I weep for my country.

Yet somebody is borrowing millions of dollars

bigpicture001:
U never talk of shevron, addax, seplat, etc...

You for say Shevchenko.

That just shell o.. Now talk of other companies. Yet the government keep borrowing, increasing taxes,yet nothing to show for it, except their extravagant life style. Them say wan give NANS President how much again,the guy no gree now,them frame am up.. Allegedly.

One dey travel up and down,no visible investment his travels has brought to the country.

One and nata dey fight,he approves anything that comes to his table,as long as his cut is secured. Allegedly.

Maybe it's the money they are using to woo this corrupt politicians to their parties of thieves.. Allegedly..

Formal Delta State governor,the one with the teeth..