Shell Says Nigeria Was Its Biggest Recipient Of Payments In 2016

Shell Says Nigeria Was Its Biggest Recipient Of Payments In 2016

Global oil giant, Royal Dutch Shell Plc, said on Tuesday that it paid $3.638bn to the Nigerian government last year for its activities in the country, The Punch reports.

Nigeria’s revenue from the oil major was the highest out of the 31 countries to which Shell made payments last year. Shell, in its ‘Report on Payments to Governments for the Year 2016’ released on Monday, said it paid $2.172bn to the Nigerian National Petroleum Corporation as production entitlement.

The oil major said $1.18bn was paid to the Federal Inland Revenue Service as taxes, $160.71m and $239,189 to the Department of Petroleum Resources as royalties and fees, respectively, and $125.14m to the Niger Delta Development Commission as fees.

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