Mohammed Shosanya
The Shell Petroleum Development Company of Nigeria Limited (SPDC) paid a total of N$59.04million in 2022 to the Niger Delta Development Commission in compliance with statutory requirements.
The company disclosed this in its report titled, “Nigeria Briefing Notes for 2022 Business Activities”.
The report also said the Shell Nigeria Exploration and Petroleum Company (SNEPCo) and its partner also paid $20.73million to the NDDC in 2022.
It also stated that the Shell Companies in Nigeria (SCiN) directly employed more than 2,500 people with 10,000 contractors supporting operations.
The report said: “SPDC, in compliance with statutory requirements, paid $59.04million in 2022 to the Niger Delta Development Commission (NDDC).
“SNEPCo and its partners, in compliance with statutory requirements, paid $20.73million to NDDC in 2022.
“SCiN directly employed more than 2,500 people (of whom 97% are Nigerian nationals) with 10,000 contractors supporting operations.”
It notes that SCiN contribute to economic growth in Nigeria by generating revenue for the government through taxes, creating employment opportunities and contributing to the development of local businesses.
According to the report, Shell companies in the country paid a total of $1.36billion in corporate taxes and royalties to the Federal Government of Nigeria in 2022, with $450million from SPDC and SNEPCo $907million, compared with the total figure of $986million in 2021.
“SPDC, SNEPCo and SNG awarded $1.9billion contracts awarded to Nigerian-registered companies. Overall, there has been a 138% increase in SCiN’s total value of contracts awarded in 2022 compared to 2021”, it added.