Royal Dutch Shell, Nigeria’s largest foreign investor paid the Nigerian government $6,397,325,844 as oil production entitlement, taxes, royalties and fees arising from the company’s activities involving oil and gas exploration, development and extraction in the year 2018. The Anglo-Dutch company disclosed this in its annual sustainability report published, yesterday, explaining that $3,776,418,858 was paid as production entitlement, $976,593,706 as fees, and $ 358,161,091 as royalties and $1,286,152,191 as taxes to Nigeria. Analysis of the report showed that the mount paid by the company in 2018 is about $2bn higher than $4.3bn it paid to the Nigerian government in 2017. A breakdown of the payments received by entities on behalf of the Nigerian government showed the largest chunk of $3,776,418,858 payment went to the Nigerian National Petroleum Corporation (NNPC) as government’s share of oil production from projects operated by Shell. The Federal Inland Revenue Service (FIRS) received $1.28bn as taxes […]