When Fiscal Reforms Collide: Reconciling The Petroleum Industry Act and The Nigeria Tax Act on Decommissioning and Abandonment Funds
On 26 June 2025, the President signed the new Nigeria Tax Act (“NTA”) into law, establishing a unified fiscal framework to consolidate the country’s tax framework. However, potential conflicts have emerged between the NTA and the Petroleum Industry Act regarding the treatment of the oil and gas Decommissioning and Abandonment Fund. In our latest article, we examine these areas of divergence as well as their practical implications for oil and gas operators.
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