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This Client Alert by TEMPLARS Partner, Dayo Okusami, Senior Associate, Damilola Oshodi, and Associate, Mariam Adebayo examines the New Policy Directives issued by the Nigerian President on 6th March 2024 to boost investment in the energy sector.

The directives introduces significant fiscal incentives, adopts a radical amendment to the “Deemed Approval” principle to shorten contracting cycles and reduce bureaucracy and seeks to reposition Nigeria as a prime destination for energy investment in Africa.

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