The Federal Government received $2.68 billion, about N817.4 billion, from Total, Chevron and China National Offshore Oil Company, CNOOC, in 2017 as taxes and other fees paid by the International Oil Companies (IOCs) for their operations.
Documents obtained from the Canadian government indicated that these figures were provided by the IOCs under Canada’s extractive industry law which requires extractive entities active in Canada to publicly disclose, specific payments made to all governments in Canada and abroad on yearly basis.
An analysis of the payments which was made to the various agencies of government as reflected in the report compiled this year, showed that Total made $1.2 billion payments to the Nigerian government; Chevron made total payments of $1.4 billion, while CNOOC paid $586.7 million into government coffers.
Specifically, Total reported that it paid $614.8 million in taxes; $2.7 million in licensing fees; $46.2 million in infrastructure improvements, mainly to the Niger Delta Development Commission, NDDC; and $488.5 million for production entitlements.
Similarly, Chevron paid $5.4 million under the Nigerian Export Supervision Scheme, NESS, $18.3 million $101.24 million as fees to the Nigerian Content Development Management Board, NCDMB and Niger Delta Development Commission, NDDC respectively.
In addition, the company also paid $275.9 million and $2.4 million to the Department of Petroleum Resources, DPR, for royalties and fees respectively, while it paid $1 billion in taxes to the Federal Inland Revenue Services, FIRS.
A further breakdown of the revenues collected by the Nigerian government showed that Chevron paid $214.8 million and $78.9 to government coffers for Niger Delta Concessions; while it paid $817.3 million and $48.4 million for its Oil Mining Leases, OML, 127 and 128.
According to the report, CNOOC paid the FIRS $75.7 million; while $1.43 million was paid to the Kaduna State Government as infrastructure improvement payments.
