IPPG Chairman
- Pleased with clarity in the bill
- PIFB
- PIT – onshore and shallow water tax should be the same
- Re-examine the fiscal terms for gas development
- Assessment of royalties includes elements that cannot be controlled by producers
- Production allowances should be available to all players
- Cost efficiency factor should not measure costs that are outside the control of the producers. Should exclude statutory charges, CHA
- APIT trigger price should be US$ 80
- Exploration requires incentives to grow Nigeria’s reserves
- Lease rental appears to be arbitrary
- Existing frontier basins need to be grandfathered into the Bills
- Pass the Bill now
- PHICB
- Definition of Host and Impacted Community needs to be tightened up
- Timelines for the establishment of the trust should be revised