Oil firms reject proposed 3% South-South development levy

Oil firms and regulators oppose a proposed 3% South-South development levy, warning it could discourage investment and impact Nigeria’s petroleum industry.

The Briefing Africa

July 30, 2026 · 10:21 · 5 min read

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Oil firms and regulators oppose a proposed 3% South-South development levy, warning it could discourage investment and impact Nigeria’s petroleum industry.

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Oil firms reject proposed 3% South-South development levy