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According to the annual payments report released by the Royal Dutch Shell On Monday, the oil giant paid a total of $4,322,742,582 (about N1.5 trillion) to the Nigerian government in 2017.
The publication was titled “Report on Payments to Governments for The Year 2017”.
In the report, Shell said $3,197,530,557 is for production entitlement, $765,526,389 in taxes, $245,769,306 in royalties and $113,916,331 in fees.
The given sum means Shell alone contributed about15 per cent of the country’s income.
In 2017, Nigeria earned a total revenue of N10.6 trillion from both oil and non-oil sources according to CBN Economic Report.
Furthermore, the total paid to Nigeria by Shell is the highest to any of the 29 countries where the international oil company operates.
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The closest country to Nigeria is Malaysia, which received $4,153,062,216, followed by Norway with $3,425,577,190, Iraq with $$3,390,644,228 and Brazil with $1,569,519,784.
A further breakdown shows that Shell paid $3,197,530,557 to the Nigerian National Petroleum Corporation (NNPC), $79,675,241 to Niger Delta Development Commission (NDDC),
$280,010,396 to Department Of Petroleum Resources (DPR) and $765,526,389 to the Federal Inland Revenue Service (FIRS).
The total payments made to 29 governments come to $22,408,521,077, 20 percent of which came to Nigeria.
