Nigeria receives $2.02bn from Shell in 2025 as company concludes sale of SPDC assets to Renaissance Africa Energy Holdings.

Worldstage News⁠� reported that Shell Plc has released its 2025 Payments to Governments Report, showing that the company paid $2,016,386,431 to the Nigerian government in 2025.

This represents a 62. 2 per cent drop compared to the $5,336,840,193 paid in 2024.
The decline in payments is believed to be linked to the completion of the sale of Shell’s onshore and shallow-water oil assets in Nigeria to Renaissance Africa Energy Holdings in a deal valued at $1.3 billion.
The divested assets include a 30 per cent stake in the Shell Petroleum Development Company joint venture, 250 producing oil wells, 37 producing gas wells, four gas plants, two onshore oil export terminals, approximately 6.73 billion barrels of oil and condensate, as well as 56.27 trillion cubic feet of associated and non-associated gas.
According to the report, production entitlements for 2025 stood at $1,237,467,592, while taxes amounted to $236,994,532. Royalties accounted for $454,028,549, and fees totalled $87,895,758.
A further breakdown indicated that the Federal Inland Revenue Service received $236,994,532 in taxes, while the National Agency for Science and Engineering Infrastructure collected $2,397,000 as fees. The Niger Delta Development Commission received $85,498,758 in fees, the Nigerian National Petroleum Corporation received $1,237,467,592 as production entitlements, and the Nigerian Upstream Petroleum Regulatory Commission collected $454,028,549 in royalties.
Shell explained that the report presents a consolidated overview of payments made to governments by Shell plc and its subsidiary companies for the 2025 financial year, in compliance with the UK’s Reports on Payments to Governments Regulations 2014, as amended in December 2015.
The company stated that the report only covers extractive activities and payments equal to or above the £86,000 materiality threshold. As a result, payments made to governments in 26 countries were included in the report.
Shell also disclosed that its effective tax rate in 2025 stood at 39 per cent, which it noted is nearly double the average country effective tax rate of 20.5 per cent based on OECD data.