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Nigeria's Petroleum Industry Bill scales new heights of fiscal complexity

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29 October 2020

Nigeria's Petroleum Industry Bill scales new heights of fiscal complexity

Report summary

We summarise the contents of the 252-page PIB which is Nigeria's latest attempt to reform its petroleum sector. This insight describes the key parts of the bill and the proposed changes including: Industry governance & regulation Restructuring of NNPC Upstream licensing regime Upstream fiscal terms Gas pricing Host communities An economic analysis of the impacts of the fiscal terms is not included.

Table of contents

Tables and charts

This report includes 9 images and tables including:

  • Oil royalties by production: onshore & shallow water
  • Oil royalties by production: deepwater
  • Oil royalties by price* (real, 2020 terms)
  • Gas royalties
  • Royalty comparison
  • Hydrocarbon Tax rates
  • Tax rate comparison
  • Production allowances
  • Minimum government profit share

What's included

This report contains:

  • Document

    Additional Download.xlsx

    XLSX 248.17 KB

  • Document

    Nigeria's Petroleum Industry Bill scales new heights of fiscal complexity

    PDF 847.39 KB