Lagos - Shell Petroleum Development Company of Nigeria (SPDC) paid $44 billion in royalties and taxes to the Federal Government in four years from 2009 to 2013, despite Nigeria’s ‘difficult’ operating environment and security concerns in the Niger- Delta.
Aside the payment to the government, over 4 000 Nigerians are on the company’s payroll, reports BusinessDay.
A breakdown of the payment shows that Shell Petroleum Development Company paid about $42.60 billion as tax and royalty, while its offshore arm, Shell Nigeria Exploration and Production Company (SNEPCO) paid $1.40 billion during the same period.
The company also contributed over $180.6 million to the Niger Delta Development Commission (NDDC) in 2013 as required by law.
Read more at BusinessDay.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.