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Policy & Regulation

Fiscal reforms key to Nigeria’s gas development

Nigeria’s parliament has passed key legislation but much more needs to be done to clarify its terms, analysts say Nigeria’s parliament has passed key legislation but much more needs to be done to clarify its terms, analysts say.
By Felix Janvrin 30 January 2018 Middle East & Africa / Policy & Regulation 0 29321
Nigerian President Muhammadu Buhari. (PA)

Nigeria’s lower house of parliament has passed the Petroleum Industry Governance Bill (PIGB), but further clarity is needed on the government’s fiscal terms before confidence will return to the country’s upstream gas sector, analysts have told Interfax Natural Gas Daily.

The PIGB, which was passed on 17 January, is the first of three acts that constitute the country’s long-awaited Petroleum Industry Bill.

Ed Hobey, a senior analyst at Africa Risk Consulting, said the execution of the other two acts – the Petroleum Industry Fiscal...