The Federal Ministry of Finance released a circular setting out various tax and customs incentives for the gas sector.
The Federal Ministry of Finance released a circular entitled “Fiscal Incentives for the Presidential Gas Growth Initiative” setting out various tax and customs incentives for the gas sector—effective from the date of the circular’s issuance:
Concerns remain regarding the legality and the effective date of the circular, given that fiscal rules are generally within the ambit of the legislative authority and must be published in the official gazette to take effect.
Read a February 2024 report [PDF 1.3 MB] prepared by the KPMG member firm in Nigeria