Thread by @BudgITng

Amidst crude price issues, money paid by @Shell to FG has been increasing since 2016.

2015: $4.9bn
2016: $3.6bn
2017: $4.3bn
2018: $6.3bn

$19.3bn was received by the government btw 2015 and 2018.

Has @MBuhari’s administration used oil money wisely?

#AskQuestions #FixOurOil

The highest payments received was courtesy of production entitlements which accounted for 59% of total $6.3bn payment received from Shell in 2018.

Production entitlements: 59%
Tax: 20.1%
Royalties: 15.3%
Fees: 5.6%

#AskQuestions #FixOurOil

With $3.7bn, NNPC received the highest component of these payments courtesy of production entitlement. Is NNPC accountable enough to the government and citizens?

NNPC: $3.7bn
FIRS: $1.28bn
DPR: $1.25bn
NDDC: $0.08bn

#AskQuestions #FixOurOil

Here’s a breakdown of payments made by SPDC to the Nigerian government by operational activities.

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