News
Shell Pays FG $4.48bn Revenue

Notwithstanding the challenges of crude theft and pipeline vandalisation, the Federal Government, last year, earned $4.48billion from Shell companies in Nigeria in royalties, taxes and other payments.
This was published in Shell’s 2021 Sustainability Report, last Wednesday, and made available to The Tide in Port Harcourt.
In his introduction to the report, Shell’s Chief Executive Officer, Ben van Beurden, writes: “Our Powering Progress strategy, which we launched in 2021, sets out how Shell can play a leading role in helping the world to reduce its carbon emissions.
“At the heart of our strategy lies our own target to become a net-zero emissions energy business by 2050, in step with society’s progress in achieving the Paris climate goals. In this, our 25th Sustainability Report, we share how we are working towards our Powering Progress goals.”
Shell also published its 2022 Industry Associations Climate Review Update.
It provides a progress update on actions that Shell has taken over the past year to address differences in climate-related positions with industry associations where the company identified misalignment.
It also provides a summary of how much Shell paid to 36 associations in 2021.
In addition, Shell published its 2021 Payments to Governments Report covering countries where it has exploration and production activities.
This report details payments in 25 countries and was prepared in accordance with the UK’s The Reports on Payments to Governments Regulations 2014 (as amended in December 2015).
It indicated that Nigeria’s crude production recorded sub-optimal performance, last year, owing to theft and asset vandalism despite improved quota allocation from the Organisation of the Petroleum Exporting Countries (OPEC).
The Shell companies, including the Shell Petroleum Development Company of Nigeria Limited (SPDC), Shell Nigeria Exploration and Production Company Limited (SNEPCo), and Shell Nigeria Gas (SNG) paid a combined $6billion in direct taxes between 2015 and 2020 to the government, according to the Federal Inland Revenue Service (FIRS).
Shell’s largest payment in Nigeria, last year, was to Nigerian National Petroleum Company (NNPC) Limited with $2.89billion in production entitlement.
The amount included a payment of $2.61billion.
The company also paid $573.4million in royalties and $511.27million in taxes.
On an asset basis, Shell paid out $1.55billion for its OPL 212/OML 118 and OPL 219/OML 135 package, covering the Bonga field.
Of the payments to Nigeria, $458.59million came from Shell Petroleum Development Company (SPDC).
This Shell unit works via a joint venture with NNPC in Nigeria’s onshore acreage.
However, the company is working to reduce its onshore footprint.
Shell paid $20.86billion in taxes in 2021.
Payments to Nigeria accounted for 21.5per cent of 2021’s total, the lowest since 2017.
Nigeria also accounted for all the sabotage and theft incidents that caused spills for Shell in 2021.
The company reported the number of spills fell to 106, from 122.
Also, the volume increased from 1,500 tonnes in 2020 to 3,300 tonnes in 2021.
In an attempt to prevent theft, SPDC installed steel cages on wellheads in Nigeria.
By the end of last year, it had installed 283 cages, including 62 with CCTV.
SPDC has 360 oil producing wells in Nigeria and 60 producing gas wells.
It also controls around 4,000km of pipelines and flowlines.
The SPDC joint venture reported gross production of 503,000 barrels of oil equivalent per day in 2020, in which Shell has a 30per cent stake.
Shell reported SPDC was continuing to review its onshore oil portfolio in Nigeria.
“In the last decade, SPDC has reduced its licences in this area by half,” the report said.
In recognising Shell’s contributions to Nigeria, the FIRS, last week, named Shell as a “leading tax compliant organisation in Nigeria for 2021”.
The Executive Chairman of the FIRS, Muhammad Mamman Nami, noted that Shell companies demonstrated commitment to paying all government taxes hence the two awards.
In his remarks, Managing Director, SPDC and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, said he was happy that government partners and stakeholders recognised Shell’s significant contributions to the revenue of Nigeria by which the government can grow the economy and bring about developments to every part of the country.
He said: “Nigeria is an important heartland for Shell, and will remain so. We will continue to invest in the country to help meet its energy needs, with a focus on growing our deep-water and gas positions.”
Okunbor, who was represented at the event by a Director of the SPDC and General Manager, Business Government Relationship, Bashir Bello, said Shell companies would remain committed to expanding their gas portfolio for domestic and export markets while also increasing access to energy for Nigerians.”
Shell Plc said itpaid the Federal Government a total of $1,594, 974, 771 as taxes, royalties and fees in the year 2021.
The company said that the sum of $511, 270, 685 was specifically paid as taxes for 2021.
The report said that industry associations and payment to governments puts Nigeria’s production entitlement for the period at $2, 885,571,789.
Shell also paid $573,430,812 as royalties to the Nigerian government, and $510, 274, 274 as fees.
According to Shell, the 2021 Shell Sustainability Report outlines the progress towards many of its Powering Progress strategic ambitions, and shares related social, safety and environmental performance data.
By: Nelson Chukwudi
News
I’m Committed To Community Dev – Ajinwo
News
RSG Tasks Rural Dwellers On RAAMP …As Sensitization Team Visits Akulga, Degema, Three Others

Rivers State Head of Service, Dr (Mrs) Inyingi Brown, has called on rural communities in the State to embrace the Rural Access and Agricultural marketing project (RAAMP) with a view to improving their living conditions.
This follows the ongoing sensitization campaign by the State Project Implementation Unit (SPIU) visits to Degema, Abonnema, Afam headquarters of Degema, Akuku Toru and Oyigbo Etche and Omuma local government areas respectively.
Dr Brown who was represented by the Deputy Director, Special Duties in her office, Mrs Dein Akpanah, said RAAMP was initiated by the Federal Government and World Bank to economically empower rural dwellers.s
She said the World Bank understands the plights of rural farmers and traders in the State, and therefore came up with the programme to address them.
According to her, RAAMP will improve the conditions of farmers, traders and fishermen, and therefore, behoves on every rural communities in the State to embrace the programme.
The Head of Service also said the programme would support the youths to be gainfully employed while bridges and roads will be built to link farms and fishing settlements.
Also speaking, the State project coordinator, Mr Joshua Kpakol, said the programme has the potential of creating millionaires among farmers and fishermen in the State.
Kpakol who was represented by Engr. Sam Tombari, said RAAMP would help farmers and fishermen to preserve their produce.
According to him, the project will build cold rooms and Silos for preservation of crops and fishes while access roads will also be created to link farmers and fishermen to the market.
He, however, warned them against any act that will lead to the suspension of the projects by the World Bank.
Kpakol particularly warned against acts such as kidnapping, marching ground, gender based violence and child labour, adding that such acts if they occur may lead to the cancellation of the project by the World Bank.
During the visit to Oyigbo local government area, Mr Joshua Kpakol, said the team was there to let them know how they will benefit from the Raamp.
The coordinator who was personally at Oyigbo said the World Bank introduced the project to check food insecurity in the State.
He said already 19 states in Nigeria are already benefitting from the project and called on them to embrace the project.
Meanwhile, stakeholders in the three local government areas have commended the World Bank for including their areas in the project.
They, however, complained over the incessant attacks by pirates on their waterways.
At Degema, King Agolia of Ke kingdom said land was a major problem in the kingdom.
King Agolia represented by High Chief Alpheus Damiebi said many indigenes of the kingdom are willing to go into farming but are handicapped by lack of land.
Also at Degema, the representative of the Omu Onyam Ekeim of Usokun Degema kingdom, Osoabo Isaac, said Degema has embraced the programme but needed more information on the implementation of the programme.
Similarly, while High Chief Precious Abadi advised that the project should not be narrowed to only crop farming, a community women leader, Mrs Orikinge Eremabo Otto, called for the construction of cold rooms in all fishing settlements in the area.
At Abonnema, Mr Diamond Kio linked the problem of the area to incessant piracy along waterways.
He also expressed fears over the possibility of the project being hijacked by politicians.
Also at Abonnema, a stakeholder, Ikiriko Kelvin, called on the World Bank to design an agricultural project that will suit the riverine environment, while at Oyigbo, HRH Eze Boniface Akawo expressed satisfaction with the project.
John Bibor
News
Senate Replaces Natasha As Committee Chairman

The political mudslinging between the Senate leadership and Senator Natasha Akpoti-Uduaghan continued yesterday as the Senate named Senator Aniekan Bassey as the new Chairman of the Committee on Diaspora and Non-Governmental Organisations.
Senate President, Godswill Akpabio, announced the appointment during yesterday’s plenary, confirming Bassey’s replacement of Senator Natasha Akpoti-Uduaghan, who is currently on suspension.
Akpoti-Uduaghan was reassigned to the Diaspora and NGOs Committee in February after she was removed as Chair of the Senate Committee on Local Content during a minor reshuffle.
Bassey is the senator representing Akwa Ibom North-East Senatorial District.
Although no reason was given for her removal yesterday, the change is believed to be connected to her unresolved suspension.
In May, Justice Binta Nyako of the Federal High Court ordered her reinstatement and directed her to tender an apology to the Senate.
However, the Senate has insisted it has not received a certified true copy of the court judgment.
Akpoti-Uduaghan who represents Kogi Central, has yet to resume her legislative duties despite a recent court ruling that voided her suspension.
In a televised interview on Tuesday, Akpoti-Uduaghan said she was awaiting the Certified True Copy of the judgment before officially returning to plenary, citing legal advice and respect for institutional process.
Although the Federal High Court described her suspension as “excessive and unconstitutional”, a legal opinion dated July 5 and attributed to the Senate’s counsel, Paul Daudu (SAN), argued that the ruling lacked any binding directive to enforce her reinstatement.
Akpoti-Uduaghan, one of only three female senators in the current assembly, said the continued delay in allowing her return was not only a denial of her mandate but also a blow to democratic representation.
“By keeping me out of the chambers, the Senate is not just silencing Kogi Central, it’s denying Nigerian women and children representation. We are only three female senators now, down from eight,” she said.
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