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TEMPLARS Partner Igonikon Adekunle and Associate Chibuike Ikefuna’s Client Alert examines President Bola Ahmed Tinubu’s Oil and Gas Companies Order 2024, which aims to boost oil and gas investments in Nigeria.

They illustrate the tax benefits of the Order and the Implementation Guidelines issued by the Minister of Finance, the Federal Inland Revenue Service (FIRS), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), as well as eligibility, calculation techniques, and how to apply for tax credits, allowances, and exemptions for NAG greenfield investments and midstream gas activities.

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