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Learn moreNigeria: Executive orders relating to petroleum sector include new tax incentives
The orders became effective 28 February 2024.
The president on 28 February 2024 signed three executive orders aimed at improving the investment climate for the petroleum sector in Nigeria:
- Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024
- Presidential Directive on Local Content Compliance Requirements, 2024
- Presidential Directive on Reduction of Petroleum Sector Contracting Costs and Timelines, 2024
The orders became effective 28 February 2024.
Read a March 2024 report [PDF 2.2 MB] prepared by the KPMG member firm in Nigeria
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