GEP Law gather Experts to deliberate on the Fiscal Regime of the Nigerian Oil and Gas Sector
George Etomi & Partners, in collaboration with the Committee on Energy, Environment, and Natural Resources of the Nigerian Bar Association’s Section on Business Law, organised a round table event for the execution of a discourse on the fiscal regime in the Nigerian oil and gas sector.
Experts gathered to discuss and analyse the current fiscal regime and its tools, including legislative and contractual mechanisms, through which the government creates incentives for investors to participate in the industry while generating revenue through such investments and ancillary payments.
The proposed discourse fostered knowledge about the importance of a competent fiscal regime, particularly in the oil and gas sector, by providing detailed analyses of the fiscal regime in the Nigerian oil and gas sector explaining the proposed fiscal framework in the Petroleum Industry Bill identifying gaps and challenges in the proposed fiscal framework and ways to address these making recommendations for the passing of the Bill.
The round table event held at Radison Blu on the 9th and 10th of December and the following firms were represented at the event; ACAS-Law, Aelex, Aluko and Oyebode, Banwo & Ighodalo, George Etomi & Partners, Ojudurin & Adefulu, Streamsowers and Kohn, Templars.
In addition, there was representation from the Ministry of Petroleum Resources and the Department of Petroleum Resources, as well as University of Lagos.