The Petroleum Industry Act 2021

Since its presentation before the legislature in 2008, the Petroleum Industry Bill was passed into law on 16 August 2021. The Bill, now an Act, makes far reaching changes to the structure of Nigeria's energy industry.

In this episode, we will be discussing the history of the PIA, a summary of its provisions, perceived challenges to its implementation, and its impact on the future of energy in Nigeria with Taiwo Oyedele. Taiwo Oyedele is the Fiscal Policy Partner and Africa Tax Leader at PwC. He is the Thematic Lead for the Public Finance & Taxation Policy Commission of the Nigerian Economic Summit Group; Chairman of the Taxation & Fiscal Policy Faculty Board of the Institute of Chartered Accountants of Nigeria; member of the Nigerian Taxation Standards Board; and a member of the Ministerial Committee on the implementation of Nigeria’s National Tax Policy.