Shell emerges leading tax compliant company
Apr 05, 2022
The Federal Inland Revenue Service has named Shell as a “leading tax compliant organisation in Nigeria for 2021.”
At an award ceremony in Abuja last week as part of the second annual National Tax Dialogue, Shell companies in Nigeria also won the award for ‘remarkable performance in the remittance of various taxes’ in the same year.
The Shell Petroleum Development Company of Nigeria Limited (SPDC), Shell Nigeria Exploration and Production Company Limited (SNEPCo) and Shell Nigeria Gas paid a combined $6 billion in direct taxes between 2015 and 2020 to the government.
The Executive Chairman of the FIRS, Mr. Muhammad Mamman Nami, noted that Shell companies demonstrated commitment to paying all government taxes hence the two awards.
Okunbor 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, Mr. Bashir Bello, said Shell companies would remain committed to expanding their gas portfolio for domestic and export market while also increasing access to energy for Nigerians.”
Note to Editor
- The Federal Inland Revenue Service (FIRS) is the agency responsible for assessing, collecting and accounting for tax and other revenues accruing to the Federal Government of Nigeria.
- Shell Companies in Nigeria are The Shell Petroleum Development Company of Nigeria Limited (SPDC), Shell Nigeria Exploration and Production Company Limited (SNEPCo) and Shell Nigeria Gas (SNG). While SPDC explores and produces oil and gas from land, swamps and shallow waters in the Niger Delta, SNEPCo’s operations are in deep offshore in the Gulf of Guinea. SNG is a domestic gas distribution company servicing industries in major Nigerian cities.
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April 5 , 2022
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