New Tax Incentives to Revitalize Nigeria’s Oil and Gas Sector
The Federal Government is taking bold steps to revamp the nation’s oil and gas sector by introducing new fiscal incentives to attract investments and boost growth. The Minister of Finance, Mr. Wale Edun, announced a series of tax exemptions aimed at revitalizing the industry and reducing the cost of living for Nigerians.
The new measures include exemptions on key energy products such as Diesel, LPG, and LNG infrastructure, as well as tax reliefs for deep offshore oil and gas projects. These incentives are part of President Bola Tinubu’s policy directives to stimulate investment in the sector and enhance Nigeria’s global competitiveness.
Mr. Edun expressed confidence that these initiatives would attract massive investments, drive economic prosperity, and position Nigeria as a leader in the global oil and gas market. The government’s commitment to fostering sustainable growth and energy security is evident in these reforms, which are expected to accelerate the nation’s transition to cleaner energy sources.
[ad_2]
Source link
Hezbollah said it had targeted the Israeli naval base in Ashdod in the south of…
United inched ahead with a strike from Marcus Rashford in the second minute of the…
Rasikh Salam Dar went from Rs. 30 lakh to Rs. 2 crore as Delhi Capitals…
Wadhera was sold to Punjab Kings for Rs 4.20 crore while Raghuvanshi stayed with Kolkata…
Afghanistan's Noor Ahmad and Sri Lanka's Wanindu Hasaranga joined Chennai Super Kings and Rajasthan Royals…
MI used their RTM card to buy back Naman for a whopping Rs 5.25 crore…
Amman – The King Hussein Cancer Foundation (KHCF) has signed a cooperation agreement with the…
Frosty nights ahead as Siberian cold wave looms over Jordan Access Story
برعاية وزير الثقافة رئيس مجلس أمناء مجمع الملك سلمان العالمي للغة العربية الأمير بدر بن…
The democratic process may empower dangerous demagogues but it can also bring about necessary reforms.…
Romelu Lukaku ensured Napoli maintained their one-point lead at the top of Serie A with…
The Federal Government, through the Ministry of Agriculture and Food Security and Fundação Getulio Vargas…
A coalition of federal opposition lawmakers have accused some Peoples Democratic Party governors and 24…
Access Bank has denied claims that N500m is missing from a customer’s account. In a…
The Pan Niger Delta Forum has commended President Bola Tinubu for ensuring the release of…
واع/ Access Full Story
Die Schauspielerin und weitere Prominente setzen am Tag gegen Gewalt an Frauen ein Zeichen. Vollständige…
واع/ Access Full Story
واع/ Access Full Story
تحت رعاية خادم الحرمين الشريفين الملك سلمان بن عبدالعزيز آل سعود، ونيابة عنه، افتتح أمير…
Baghdad (IraqiNews.com) – The Japanese Ambassador to Iraq, Matsumoto Futoshi, confirmed on Saturday that Japanese…
GAZA, Nov. 24 (YPA) -The Civil Defense in the Gaza Strip confirmed on Sunday that…
The two right-wing pundits were warmly welcomed by some 3,000 star-struck Israelis at a sold-out…
The eight, who were detained during a religious event in Hebron, also included individuals who…
BAKU — The world approved a bitterly negotiated climate deal Sunday but poorer nations most…
UNDISCLOSED, Ukraine — Ukraine on Sunday showed journalists fragments of the Russian missile used to…
OCCUPIED JERUSALEM — Israel's army said Hizbollah fired around 160 projectiles into its territory from…
بغداد – واعأعلن وزير الخارجية فؤاد حسين، انعقاد مؤتمر السفراء يوم غد الإثنين ولمدة يومين…
There are already air defense systems that can successfully take down missiles like the "Oreshnik,"…
As PTI convoys from across the country were en route to Islamabad on Sunday for…
Netanyahu released a nine-minute video on Saturday in which he attacked Israel's law enforcement system…
متابعة - واعحقق ريال مدريد الانتصار بنتيجة (3-0) خلال مواجهة ليجانيس، مساء اليوم الأحد، ضمن…
Time is running out for the hostages who have so far somehow survived the unbearable…