The Federal Government has commenced efforts to streamline the over 270 taxes, levies, and statutory charges imposed on operators in Nigeria’s oil and gas industry by commissioning global consulting firm PwC to undertake an international benchmarking of the country’s fiscal regime.
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, disclosed this on Tuesday while responding to concerns raised by indigenous oil producers during the opening ceremony of the 2026 NOG Energy Week in Abuja.
The minister’s comments came shortly after the Chairman of the Independent Petroleum Producers Group, Adegbite Falade, criticised the multiplicity of charges in the sector, describing Nigeria’s oil and gas industry as perhaps the most taxed and levied in the world.
Falade had urged the Federal Government to harmonise the numerous taxes and levies imposed by various government agencies, warning that the cumulative burden was eroding the competitiveness of operators, discouraging investment and threatening the viability of mature oil assets.
Reacting to the concerns, Lokpobiri admitted that the complaints were valid but said the government had already initiated concrete steps to address them.
