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Shell Pays FG $4.48bn Revenue

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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

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Fubara Summons Support To Sustain Wike’s Legacy

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Peoples Democratic Party (PDP) guber candidate, Hon Siminialayi Fubara, has sued for support towards sustaining Governor Nyesom Wike’s legacy in Rivers State.
Fubara made the assertion during his acceptance speech after the party’s primaries in which he emerged landslide winner at Obi Wali Conference Centre in Port Harcourt, last Wednesday.
The PDP guber flagbearer said his emergence was divine, hence the need for the party to give total support for victory in next year’s elections.
“We will work together to sustain the good things Governor Nyesom Wike has done”, Fubara declared.
Commending the sportsmanship displayed by his fellow aspirants, Fubara praised their zeal but reminded them that, “this is not victory for Fubara; but victory for the party and moving the state forward.”
The PDP flagbearer urged the aspirants to work with him to ensure the party’s victory next year.
On his part, the Governor Nyesom Wike said the victory of Fubara was the decision of the party members who voted, “this is how Almighty God has willed it.”
In his speech, the state Governor, Chief Nyesom Wike thanked the aspirants in the primaries for abiding by the peoples’ decision, reminding them that, “loyalty is not easy but with what we have achieved, it’s difficult for the PDP to lose election in this state.”
The governor pleaded with all members to join forces to win the elections now that a candidate has emerged.
In the coming weeks, the governor hinted that a committee would be constituted towards uniting and mobilising for victory in the 2023 elections.

By: Kevin Nengia

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NYCN Hails Fubara’s Choice As Rivers PDP Guber Candidate

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The leadership of the National Youth Council of Nigeria (NYCN) has hailed the emergence of Hon Siminialaye Joseph Fubara as the candidate of the Peoples Democratic Party (PDP) in the governorship election in Rivers State.
In a statement in Port Harcourt, Chairman, NYCN, Chijioke Ihunwo congratulated Sim Fubara on his emergence as the candidate of PDP in Rivers State.
The statement read, “His Youthfulness, AmbIhunwo Chijioke, the chairman of National Youth Council of Nigeria, Rivers State Chapter and South-South zone, has congratulated, Mr. Sim Fubara, on his victory as the People’s Democratic Party (PDP) Governorship candidate in Rivers State, for the forthcoming Governorship election.
“The youth leader of Rivers State stated that the victory of Mr. Sim Fubara is a significant indication that the delegates of People’s Democratic Party appreciate his efforts in the party and trust that he has the capacity to unite and continue in the awesome works of the Governor of Rivers State, Chief Nyesom Wike.”
According to the youth chairman, “Mr. Sim Fubara’s victory is a resounding vote of confidence in his ability and leadership skills, which he has demonstrated while serving as the Accountant General of Rivers State, and also signifies that the People’s Democratic Party are committed to a democratic process.”
The number one youth leader, however, noted that “other aspirants and leaders of the party should unite and rally round Mr. Sim Fubara in the task of winning the Governorship election come 2023.
“Additionally, the chairman commended the leader of the party, the Governor of Rivers State, Chief Nyesom Wike, for giving all aspirants a level playing ground and other leaders of the party for their efforts in making the primary election a peaceful one.
“The apex youth leader assured Mr. Sim Fubara that Rivers State youths, under his leadership will give him the needed support for him to emerge as the Executive Governor of the state”, the statement signed on his behalf by his Senior Special Assistant to the Chairman on (Media & Publicity), Amadi Eze, last Wednesday, indicated.

By: Nelson Chukwudi

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2023: Obuah Assures Fubara, PDP Of Total Support

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The former Chairman, Peoples Democratic Party (PDP) in Rivers State, Bro Felix Obuah, has congratulated the winner of the party’s governorship primary in the state, Hon Siminialaye Joseph Fubara for his emergence, describing his victory as the only clear choice of PDP in the state.
Obuah, who gave the assurance in a statement he personally signed, yesterday, in Port Harcourt, also expressed his readiness to do all within his powers to ensure the emergence of Governor NyesomWike as the PDP Presidential flagbearer for the 2023 elections.
He said, “May I also use this singular opportunity to congratulate our party governorship flagbearer, my brother and friend, Hon. Siminialaye Fubara on your historic election. I wish you all the best and pledge my full support to ensure that our party again makes history by winning the governorship election in the state for three consecutive terms.
“As we celebrate the peaceful and successful governorship primary in Rivers State, we pray the good Lord also grant our mentor, leader, courageous and pragmatic Governor, Chief NyesomWike victory at the presidential primary.
“Once again, I pray that the good Lord will grant us the grace to forge on together as one united indivisible team and help us actualise our individual and collective aspirations under the leadership of our great party, PDP, irrespective of who occupies the driver’s seat”.
The statement read in full, “For some months now, we have witnessed a tense political atmosphere as our country, Nigeria plans to go through another transition in our democratic experiment which is hoped to come to a head with the 2023 general election.
“Consequently, there have been clamours among individuals and groups for certain persons including my humble self to come out as a prospective governorship aspirant in the state under the canopy of our great Peoples Democratic Party (PDP); somebody who has the capacity to sustain the great works and quality leadership of our brave and visionary Governor, Chief NyesomWike.
“The newspapers, the electronic and social media were all awash with such calls from all the nooks and crannies of the state, beckoning on me to just declare my interest.
“After some deep thought and wide consultations, I wholeheartedly accepted to run for the office of governor of Rivers State on the platform of PDP and also went ahead to obtain the nomination and interest forms in line with our party’s guidelines.
“This singular expression of interest gladdened the hearts of many of you, my ardent supporters within and outside the state.
“Even without my consent, many of you went on to campaign for me through the various sections of the mass media and other fora just for my sake.
“Sadly, that hope, that faith and joy may appear to have been dashed. This is the reason for this special message of hope and appreciation to all of you, my dearest friends, my supporters and my people.
“Let me first assure you that no hope is lost. The choice of who succeeds our dear governor is an exclusive party affair. This is what party loyalty is all about. It is not a personal affair.
“On Wednesday, May 25, 2022, the leadership of the Peoples Democratic Party (PDP), Rivers State Chapter has spoken and a governorship candidate has emerged.
“As a faithful, loyal and committed party man, and the immediate state chairman of the party under whose watch by the grace of God, the party won the governorship election in the state back to back in 2015 and 2019, respectively, I must abide by the decisions of the party at all times even when the decisions are at variance with my personal convictions.
“Accordingly, I decided to withdraw and not contest the governorship primary election in the interest of the party.
“I hereby submit and surrender to the decision of the party. Election is not, and should not be a do-or-die-affair. Moreso, power comes from God. I cannot be a party to anything that may obstruct the course of victory for our party both at the state and national levels, or cause disaffection among our party leadership and members.
“I, therefore, enjoin my faithful supporters across the state not to be dismayed or lose hope for where there is a will, there must be a way.
“I sincerely appeal to you to take every development about the governorship primary in the state in good faith. A renowned writer once said, ‘When hope is lost, when faith dies, the man is dead’.
“As long as we remain alive and trust in God, surely, there are better days ahead.
“I am a peacemaker and according to Matthew 5:9, ‘Blessed are the peacemakers for they shall be called the sons of God’.
“I, once again, call for peace in the PDP and amongst my teeming supporters. United we stand, divided we fall. I thank you all for all your support my social media friends, journalists, Northern groups, Indigenes without Borders, youth groups, churches, Christian organizations, my own people of Omoku, Orashi region, all members of the PDP family across the state, my supporters outside the state, Team Felix Obuah in the 23 LGAs, Go-Round TV, Bro Felix Obuah (BFO) groups, Goround 23, Youth Earnestly Ask For Obuah, ONELGA Political Forum, OtuOzimini Age Grade of Ogba Kingdom, Ogba/Egbema/Ndoni Local Government Area, Rivers State, and many others.
“I am extremely grateful to the Oba of Ogbaland and Council of Chiefs, my stewards/cooks, drivers, my lovely wife and children for their understanding.
“I am also extending my appreciation to all those who signed my nomination form, management and staff of National Network newspaper, Goround Revolution Group, Rivers Women, Rivers Peoples Democratic Party (PDP), women and youths, my personal aides, my Special Adviser on Media and Publicity and others too numerous to mention.
“I also thank you for complying with my appeal to all my supporters via a press statement on Tuesday, May 24, 2022 ahead of the Governorship primary scheduled for Wednesday, May 25, 2022.
“Following an insight, I was compelled to sue for calm amongst my numerous supporters across the state.
“That press statement, which was widely circulated, published on the electronic and print media as well as the social media was timely as it doused tension and pacified those who were already agitated.
“I also did mention in the statement that the party is supreme in all matters and I would stand by the decision of the party”, Obuah said.

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