The Bill proposes to replace the existing petroleum profits tax with hydrocarbon tax, at the rate of 50 percent
Despite decades of sluggish progress, the Petroleum Industry Bill (PIB) currently being debated by the National Assembly could be the game-changer in unlocking private capital that has the ability to innovate and boost capacity for the domestic gas market.
Initiated over 20 years ago, the PIB is
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Oladehinde Oladipo
Dipo Oladehinde is a skilled energy analyst with experience across Nigeria's energy sector alongside relevant know-how about Nigeria’s macro economy.
He provides a blend of market intelligence, financial analysis, industry insight, micro and macro-level analysis of a wide range of local and international issues as well as informed technical rudiments for policy-making and private directions.
