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Shell, NNPC remitted $142m to NDDC in 2023

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Shell Petroleum Development of Nigeria Limited and Shell Nigeria Exploration and Production Company Limited remitted $142.5m to the Niger Delta Development Commission in 2023.

A statement by Shell Nigeriaโ€™s Manager, Media Communications and NGO Relations, Mr Bamidele Odugbesan, disclosed that SPDC paid $112.5m while SNEPCo remitted $30m, compared to $59.04m by SPDC and $20.73m by SNEPCo in 2022.

He noted that the contributions came from the Shell companies on behalf of themselves and their respective partnersโ€”the Nigerian National Petroleum Company Limited; TotalEnergies, EP Nigeria Limited; NAOC; and Esso Exploration and Production Nigeria Limitedโ€”as statutory contributions to the interventionist agency.

SPDC Director and Country Head of Corporate Relations, Igo Weli, said the companyโ€™s support for NDDC was part of its aspirations for the development of the Niger Delta, which had also seen a wide range of social investments, including health and education.

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