Publication: Review of the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024

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On February 28, 2024, President Bola Ahmed Tinubu issued the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc) Order, 2024 (the “Order”). The Order provides for tax credits to promote non-associated gas greenfield development, investment allowances to support gas utilization companies operating in the midstream oil and gas industry, and other proposed incentives specifically targeted at deep-water oil and gas projects.

In this article, our Partner, Stephen Chima Arubike, Senior Associate, Emeka Ezekwesiri, and Associate, Ayomide Abiodun examine the key provisions of the Order and its possible impacts on the Nigerian oil and gas industry.

Read here - Review of the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024

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