Seplat Petroleum Development Company Plc has said it paid a total of $564,165,102 to the Nigerian government last year.
The independent indigenous oil and gas company disclosed this on Monday in its report on payments to governments for the year 2020.
It said it paid $389,575,992 to the Nigerian National Petroleum Corporation as production entitlement while $21,239,383 was paid in taxes to the Federal Inland Revenue Service.
The company said $130,009,108 went to the Department of Petroleum Resources for royalties and fees, while $17,934,968 was remitted to the Niger Delta Development Commission.
It said it paid $4,826,290 fees to the Nigerian Content Development and Monitoring Board, while $579,361 to the Nigeria Export Supervision Scheme.
Seplat said payments made to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, gas processing, oil and natural gas deposits or other materials (extractive activities) were disclosed in the report.
“It excludes payments related to refining, natural gas liquefaction or gas-to-liquids activities. When payments cover both extractive and processing activities and cannot be split, the payments have been disclosed in full,” it said in the report signed by its Chief Financial Officer, Mr Emeka Onwuka.
Get real time update about this post categories directly on your device, subscribe now.