Reports - Fiscal Provisions of the Nigerian Petroleum Industry Bill: a not-so-quick-and-dirty assessment
Fiscal Provisions of the Nigerian Petroleum Industry Bill: a not-so-quick-and-dirty assessment
After a long wait, the Nigerian Government has forwarded the Petroleum Industry Bill (PIB) to the Nigerian National Assembly. The industry has greeted the PIB with mixed reactions, ranging from dissatisfaction with the fiscal terms as stated in the bill to confusion as to what would apply when and how.
Bargate has reviewed and assessed individual fiscal instruments within the PIB and carried out a not-so-quick-and-dirty assessment of the level, incidence and responsiveness of the potential fiscal burden imposed by this new arrangement.
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