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ARTICLE · 01 APRIL 2024

TEMPLARS Transcripts: Tax | March 2024

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On 6 March 2024, the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, executed Policy Directives aimed at enhancing the investment climate in Nigeria.

NigeriaTax
Dipo Komolafe
Dipo Komolafe
Igonikon Adekunle
Igonikon Adekunle
Sesan Sulaiman
Sesan Sulaiman

Policy and Tax Administration

Policy and Tax Administration

  1. President Bola Ahmed Tinubu Signs Executive Order on Oil and Gas Reforms

    On 6 March 2024, the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, executed Policy Directives aimed at enhancing the investment climate in Nigeria. This is in accordance with the commitment to remove investment barriers within Nigeria, harness national resources, and facilitate economic diversification.

    Following series of engagements, comprehensive analyses, and benchmarking exercises with similar jurisdictions, the President has instigated the amendment of primary legislation to introduce fiscal incentives for oil & gas projects. The President's directives encompass the following key provisions:

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