Nigeria: Govt Receives $48 billion From Shell in Four Years
Nigeria: Govt Receives N9.6 Trillion From Shell in Four Years
By Roseline Okere: 14 April 2015
The Shell Petroleum Development Company of Nigeria Limited (SPDC) paid $48 billion (N9.6 trillion) revenues to the Nigerian government from 2010 to 2014.
Also, the company paid $3 billion (N600 billion) share of royalties and taxes to the Nigerian government in 2014, with $1.8 billion from SPDC and $1.2 billion from Shell Nigeria Exploration and Production Company SNEPCo in the year under review.
Shell, which made this disclosure in its 2014 sustainability report released at the weekend, stated that 95 per cent share of revenue after cost went to the Nigerian government from each barrel of oil that SPDC produces.
The TRUTH will set you FREE.
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