Nigeria: Deepwater Tax Incentive Debate on New Fiscal Framework

[Daily Trust] There is a point at which economic policy stops being a subject for economists and oil executives and becomes everyone's business. Nigeria may have reached that point again with the federal government's new rules-based fiscal framework for deep offshore oil and gas projects, which it says could unlock up to $50 billion in investment. The ambition is significant because Nigeria has a peculiar contradiction: enormous petroleum resources beneath its waters, but billions of dollars of capital sitting on the