Nigeria to unlock $10b investment in oil and gas sector with new fiscal incentives

The Federal Government on Tuesday signed the Consolidated Guidelines for the implementation of Fiscal Incentives for the oil and gas sector.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, coordinated the exercise held at the headquarters of the Federal Ministry of Finance in Abuja.

The ceremony was attended by various stakeholders, including Nigerian National Petroleum Company (NNPC) Limited, Oil Producers Trade Section (OPTS) and the Independent Petroleum Producers Group (IPPG), further highlighting Nigeria’s unified approach toward reinvigorating its oil and gas sector.