Nigeria has declared fiscal incentives that will attract investments in all its basins and help drive its ambition to hit 40 billion barrels in its oil reserves. Country’s Vice-President, Yemi Osinbajo, who made this declaration at the opening of the 38th Annual International Conference of the National Association of Petroleum Explorationists (NAPE) in Lagos, maintained that the provisions for the incentives have already been included in the Petroleum Industry Bill (PIB) currently before the National Assembly. The conference has “Accelerating Growth in Nigeria’s Hydrocarbon Reserves: Emerging Concepts, Challenges and Opportunities.’’…
Read MoreNigeria unveils incentives for oil investors, insists on 40bn bbls reserves
