Mohammed Shosanya
Shell Petroleum Development Company (SPDC) and Shell Nigeria Exploration and Production Company (SNEPCO ) paid $1.36 billion as corporate taxes and royalties to the Federal Government of Nigeria in 2022.
Announcing this in Shell Briefing Note 2023,obtained by Premium News,the two companies paid $79.77 million to the Niger Delta Development Commission (NDDC)while contracts worth $ 1.9 billion were awarded to Nigerian registered contractors.
The companies committed to supporting AllOn to the tune of $200 million as a renewable impact investment during the period in view.
These companies also provided funds for All On for the expansion of DART program. There was another commitment of $23 million for investment in renewable energy to be paid to AllOn Energy Company.
On the investment in the education sector, 3,500 University grants were disbursed and 990 cradle-to-career scholarship grants were awarded by companies including Shell Nigeria Gas (SNG) since 2016.
Besides,the companies also assisted Lagos and Bayelsa States with educational infrastructure projects worth about $15 million.
The companies announced that,over 92, 000 people have so far benefited from the company’s Community Health Insurance scheme since 2010.
The direct and social investment made by both SPDC, SNEPCO, and SNG in 2022 was put at $ 34 million just as $106 million was disbursed by SPDC JV to communities through the Global Memorandum of Understanding (GMOUs) since 2017.
There were 220 Nigerian beneficiaries of the Shell Live Wire entrepreneurship program. There are 2,500 employees in shell companies, 97 percent of them are Nigerian nationals. In addition to this, about 10,000 contractors are supporting the operations of these companies.
Shell donated $1 million to support victims of the devastating flood that occurred in 2022.
