16 October 2020
Part 2 of our Petroleum Industry Bill (PIB) overview series summarizes the new Fiscal Provisions of the PIB. In Part 1 (read here) we gave a detailed breakdown of the Governance provisions of the bill.
The Petroleum Industry Bill (PIB) completely overhauls the fiscal and tax framework in the Nigerian petroleum sector, with the objective of establishing a progressive fiscal framework that encourages investment in the Nigerian petroleum industry.
In Part 2, we discuss the: