Fiscal Incentives for Nigerian Oil & Gas Sector goes live

April 25, 2024 | The VaultNewsletter

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finance minister approves consolidated guidelines for oil & gas fiscal incentives
nigeria attempts to implement single window again
new ways of working for ngos reforming for good or restriction of liberties
collection of tax on foreign income of ghana residents to commence in may
data vault south africa economic statistics march 2024
the united states agency for international development usaid recently announced that the us has unveiled its new global food security strategy country plan for nigeria according to the agency's director the strategy aligns with us president's commitment to enhance food security in nigeria
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finance minister approves consolidated guidelines for oil & gas fiscal incentives

Fresh from marathon discussions at the World Bank / IMF Spring Meetings in Washington, Nigeria’s finance minister (and coordinating minister of the economy) on Tuesday, 23rd April, presided over the signing of Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector (the “Guidelines”). According to the Special Adviser to the President on Energy:

nigeria attempts to implement single window again

The Nigerian government has announced plans to establish its National Single Window Initiative, with the objective of modernizing how trade is conducted by linking the country’s ports, government agencies, and key stakeholders. As envisaged (by the Nigerian government):

new ways of working for ngos reforming for good or restriction of liberties

A law that seeks to regulate the operations of Non-Governmental Organisations (“NGOs”) in Rwanda has scaled through first reading within the Rwandan parliament and is expected to be approved soon. The draft law will repeal the two main laws that presently regulate operations of NGOs in the country. Key highlights of the bill are set out below.

collection of tax on foreign income of ghana residents to commence in may

The Commissioner General of Ghana’s Revenue Authority, Julie Essiam, has announced that collection of tax on the foreign income of residents (i.e. defined as persons who have resided in the country for at least 183 days) is set to commence on 2nd May 2024.

data vault south africa economic statistics march 2024

With the South Africa general elections scheduled for 29th May 2024, we present a glimpse into the performance of key indicators of the nation’s economy.

the united states agency for international development usaid recently announced that the us has unveiled its new global food security strategy country plan for nigeria according to the agency's director the strategy aligns with us president's commitment to enhance food security in nigeria

The plan prioritizes the value chains of rice, maize, and horticulture in six states. It also pushes for inclusive participation, value chain development, climate adaptation, and private sector engagement. USAID aims to collaborate with the Nigerian government, particularly the Nigerian Stored Products Research Institute (NSPRI), to enhance technology and infrastructure to reduce post-harvest losses.

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