Tax Recap Series- April 2024

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Tax Recap series Podcast April 2024

Dear Vitus The April 2024 edition of the Tax recap series is live! In this episode, Kenneth Erikume, Partner and Lead Tax Reporting and Strategy and Ochuwa Alegeh, Anchor, share insights on three recent executive orders issued by the Nigerian government. Listen to the podcast The executive orders focus on: Tax incentives for oil and gas companies, supporting non-associated gas greenfield development in onshore and shallow water. With first gas production on or before 1 January 2029. Addressing misapplication of local content compliance requirements, focusing on attracting investments, facilitating local capacity, and boosting economic growth. Mandating contracting timelines and approval thresholds for efficiency, improving the ease-of-doing-business, reducing bureaucracy, delays and enhancing efficiency and transparency of the contracting process. The executive orders indicate Nigeria's government intent to prioritise strategic development in the hydrocarbon sector, aiming to attract foreign investment through incentives for oil and gas production, midstream activities, and streamlined approval processes. Contact us

Kenneth Erikume Partner and Lead Tax Reporting and Strategy, PwC Nigeria +2342012711700 Email Chukwuemeka Chime Associate Director PwC Nigeria +2342012711700 Email

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