Shell's Nigeria Remittance Plummets 62% to $2.02 Billion

Shell plc reported a significant decline in its remittance to the Nigerian government, which fell by 62% to $2.02 billion in 2025, down from $5.34 billion in 2024. This decrease is attributed to the company's divestment from onshore oil assets in Nigeria, as detailed in Shell's latest payment report.

The latest payout included $1.24 billion from product entitlement, $236.99 million in tax, $454.03 million in royalties, and $87.90 million in fees. Overall, Shell's global payments to governments decreased by 15% to $23.8 billion in 2025 compared to $28.1 billion in 2024.

The decline in Nigeria's remittance is part of Shell's broader strategy to reduce its onshore operations in the Niger Delta, which have been affected by issues such as crude theft and pipeline vandalism. The company has completed the sale of its onshore subsidiary assets to a consortium of indigenous firms, marking a significant shift in its operational focus.