Dangote calls for single-digit oil tax amid IOCs Onshore Exit

The President of Dangote Group, Aliko Dangote, has urged the government to ensure single-digit tax regime in the oil industry, in order to lure investment into Nigeria’s downstream sector, which has been losing foreign investors. Dangote is canvassing for the single-digit tax as his conglomerate firm makes an inroad into the oil industry with the establishment of a refinery, which is projected to begin operation between by next year. He made his request known through a statement released on Sunday, covering his representation during the 2022 Nigerian Content Midstream and…

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