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Nigeria hits oil firms with billions in taxes

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Staff 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.
Nigeria oil
Africa   20 billion dollars in taxes are claimed
The amount is far too high according to Royal Dutch, Shell, Chevron, Eni or Total.

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.


 

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