Nigerian govt targets $10bn investment in oil & gas sector

Nigerian Government aims to attract about $10 billion worth of investment by signing the consolidated guidelines for implementing Fiscal Incentives for the Oil & Gas Sector. A statement on Tuesday by the Ministry of Finance explained that the guidelines, a cornerstone of the Presidential Directives, are aimed at enhancing the Nigerian oil & gas sector's global competitiveness whilst stimulating economic growth.

'These Consolidated guidelines for the fiscal incentives are based on extensive collaboration across Finance and Petroleum Ministries and involve several key regulatory bodies, including the Federal Inland Revenue Service, the Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority,' part of the statement read.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigerian Government Aims for 25,000 Jobs and $2.5bn Investment in Four YearsThe Nigerian federal government plans to create over 25,000 jobs and attract $2.5 billion in investment within four years through the Presidential Compressed Natural Gas Initiative. The Programme Director and Chief Executive of the PCNGI, Michael Oluwagbemi, announced this during a stakeholders' workshop in Ibadan, Oyo state.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

LCCI Urges Nigerian Government to Provide Special Support to Strategic CompaniesThe Director-General of the Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to provide special support mechanisms to strategic companies and industries in order to achieve inclusive economic growth.
Source: GuardianNigeria - 🏆 1. / 94 Read more »