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Headline : Nigeria Targets $10bn Investment With New Oil, Gas Fiscal Incentives

Read more from the original article on here at businesspost.ng.




Tags : #nigeria #targets #10bn #investment #new #oil #gas #fiscal #incentives


No. of Paragraph 16

The federal government has launched a new set of fiscal incentives to rejuvenate Nigeria’s ailing oil and gas industry which aims to attract about $10 billion in investment between the next 12 months to 18 months.

According to the Special Adviser to President Bola Tinubu on Energy, Mrs Olu Verheijen, the presidential directives were developed and coordinated to ensure a competitive framework for the Nigerian oil and gas industry.

The consolidated guidelines for the fiscal incentives are based on extensive collaboration across the finance and petroleum ministries.

According to the statement, it involved several key regulatory bodies, including the Federal Inland Revenue Service (FIRS), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Read more from the original article on here at businesspost.ng.


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