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Nigeria enacts cost efficiency tax incentives for oil and gas upstream petroleum sector

|Tax Alerts, National/Federal Taxation, O ...|Nigeria
Nigeria

  • On 29 May 2025, the Nigerian government signed the Upstream Petroleum Operations (Cost Efficiency Incentives) Order, 2025, which introduces performance-based tax incentives aimed at enhancing competitiveness in the upstream petroleum sector, effective from 30 April 2025.
  • The incentives apply to licensees, lessees and contractors in the upstream oil and gas sector, covering projects across all terra…

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