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Nigerian Government Recieves $42bn From Shell In Five Years

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Shell petroleum Development Company of Nigeria says the sum of 42 billion US dollars was paid to the federal government as economic contribution to the joint venture partners from 2011 to 2015.

In its sustainability report 2015 released on Monday, the oil giant noted that government also received 4.95 billion dollars in 2015 as production entitlement, taxes, royalties and fees.

Meanwhile, the Bayelsa State government has sealed the Gbaran Ubie Oil and Gas production facility owned by Royal Dutch Shell on court orders.

A statement issued by the Executive Secretary of the state’s Physical Planning and Development Board, Boro Ige-Edaba, said that this is to enable the board to conduct environmental, health, technical integrity and safety checks at the facility.

Source: ChannelsTV

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1 Comment on Nigerian Government Recieves $42bn From Shell In Five Years

  1. Abeg where are all the Presidents, CBN governors and Finance ministers in these 5years? Chei 42 billion dollars, Okokobioko!!!

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