Nigeria hits oil firms with billions in taxesStaff Writer | March 2, 2019
20 billion dollars in taxes are claimed by the Nigerian government from foreign oil and gas companies as royalties and exceptional taxes for oil and gas production.
Africa 20 billion dollars in taxes are claimed
An amount that represents, according to the Nigerian National Petroleum Corporation, the exceptional royalties and taxes for oil and gas production. This may discourage investments that amounted to nearly 3.5 billion dollars in 2017 in the largest African economy.
Understand this decision of the Nigerian government with Kayode Ekundayo, an energy expert, on line from Lagos, Nigeria. ■