Shell Nigeria remits $986m tax, royalty to govt in 2021

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Port Harcourt — Shell companies in Nigeria has announced that it remitted about $986million in taxes and royalty to the federal government in 2021.
The Dutch multinational also said that SCiN in 2021 awarded 100percent of its contracts to wholly Nigerian companies, and $1.6billion loans have been provided to be accessed by Nigerian vendors.

Speaking, the Shell’s Head, Corporate Relations, Nigeria, Mr Igo Weli, explained that many of the indigenous firms operating in the industry will always have Shell support in their breakthrough stories.

Weli spoke recently at the 5th NESH Oil and Gas Roundtable Confernece in Port Harcourt, also disclosed that 97percent of its staff in Nigeria are Nigerians.

“We provide revenues to the Federal Government. Our Payments to Governments Report for 2021 shows that Shell paid around $986Million in taxes and royalty.

“Shell companies in Nigeria directly employ around 2,700 people and more than 9,000 contractors. Most Shell’s staff 97 percent are Nigerians.

“We support Nigerian Companies and, in 2021, 100% of Shell contracts in Nigeria, worth $800 million, were awarded to Nigerian companies. We continue to provide access to nearly $1.6 billion in loans to hundreds of Nigerian vendors under the Shell Contractor Support Fund.”

The company further said that the survival and expansion of the many social investment projects and programmes of Shell companies in Nigeria are dependent on sustained uninterrupted production.

Weli lamented that operations disruptions have far-reaching implication, emphasizing that all stakeholders must speak up against activity disruptions.

“Our development objective remains the creation of greater positive impact in our host communities in the Niger Delta. I, therefore, urge our communities to continue to create the enabling environment for the sustenance of business.

“They would be doing so in the conscious realisation that it is only when businesses thrive that they are able to undertake more social investment initiatives.”