Chai! My people, make we yarn about this new Tax Act wey don land for Naija oil sector. Na serious matter o! Ife, wey be Energy Development Economist, don drop some sharp gist about how this new law go reshape our petroleum industry. E don start to dey operate since January 1, 2026! This one na better waka for tax matter for oil and gas, wey many don dey wait for.

The new Nigeria Tax Act 2025 wey we dey talk about, na major upgrade wey combine old laws like Petroleum Profits Tax Act and the Petroleum Industry Act wey don dey here since 2021. Na so dem wan make everything dey flow smoothly under one big umbrella. You fit imagine how many wahala we go avoid with this new arrangement, e go make investors sabi say our country dey serious for business.

Ife talk say for the oil and gas industry, dem still go see split tax structure wey be like say na emergency wahala. Dem go still dey pay Hydrocarbon Tax (HT) wey dey range from 15% to 30%, depending on the license wey dem get, plus Companies Income Tax (CIT) wey don settle for 30%. But wait am, dem get plan to reduce am to 25% as money dey come.