alexa Comparative Analysis Of Nigeria Petroleum Fiscal Systems Using Royalty And Tax Optimization Models To Drive Investments
ISSN:2157-7463

Journal of Petroleum & Environmental Biotechnology
Open Access

Like us on:
OMICS International organises 3000+ Global Conferenceseries Events every year across USA, Europe & Asia with support from 1000 more scientific Societies and Publishes 700+ Open Access Journals which contains over 50000 eminent personalities, reputed scientists as editorial board members.

Open Access Journals gaining more Readers and Citations

700 Journals and 15,000,000 Readers Each Journal is getting 25,000+ Readers

This Readership is 10 times more when compared to other Subscription Journals (Source: Google Analytics)

Share This Page

Additional Info

Loading
Loading Please wait..
 

6th International Conference on Petroleum Engineering
June 29-30, 2017|Madrid, Spain

Diji, Chuks J and Wahab Lukman
University of Ibadan, Nigeria
ScientificTracks Abstracts: J Pet Environ Biotechnol
DOI: 10.4172/2157-7463-C1-031
Abstract
The adoption of any petroleum arrangement - concessionary or contractual - is a financial issue that is centered on how costs are recovered and profits divided, which is at the heart of taxation and economic rent theories. Hence countries are expected to make the tax system attractive for the IOCs in order to encourage inward investment. The effectiveness of any petroleum arrangement depends largely on the attractiveness of its underlying tax regime which, in turn, depends on the effectiveness of its design and implementation. The uncertainty created by the non-passage of the proposed Nigeria Petroleum Industry Bill (PIB) over the years has continued to impede investments in the oil and gas sector in Nigeria. Oil Producers Trade Section (OPTS) and other stakeholders in the sector in Nigeria have expressed concerns over the Federal Government’s intention to change the laws governing the oil and gas industry including the fiscal terms. The aim of the study is to critically examine whether the Nigerian petroleum tax system is appropriately designed and effectively implemented to achieve the benefits the country desires from its petroleum taxation arrangements. The study reviews the current and post PIB upstream fiscal regimes and undertook a comparative examination of Nigeria’s fiscal regime against selected world fiscal arrangements. The study also determined how Nigeria’s fiscal regime holds up against key features of importance to government and prospective investors, which include degree of stability, flexibility, neutrality and how the regime distributes the burden of risk between the resource owner and the oil companies. The study concluded from preliminary studies that there is a correlation between fiscal terms (tax and royalty) and various profitability indexes (DCFR, PIR, AVP, PVP, MCI & payout). The global comparative analysis result also shows that Nigeria fiscal terms (pre & post PIB) are outside the competitive window and will invariably discourage foreign direct investments.
Biography

Diji, Chuks J obtained a PhD in Mechanical Engineering from the University of Ibadan in 2008, Master of Science degree (MSc) in Mechanical Engineering from the University of Ibadan in 1997 and a Bachelor of Science (BSc) from the Obafemi Awolowo University (Formerly University of Ife) in 1987. He has a professional postgraduate qualifying Diploma in Management Consultancy Practice and Organizational Transformation of the International Professional Managers Association (IPMA–Uk). He is currently a Senior Lecturer and the Head of Department of Mechanical Engineering, University of Ibadan, Nigeria. He currently teaches courses in thermofluids, material science, production technology and entrepreneurship as well as energy studies at both undergraduate and postgraduate level. He also serves as an Associate Lecturer in two major academic Centres of the University of Ibadan: Centre for Sustainable Development (CESDEV) and the Centre for Petroleum, Economics, Energy and Law (CPEEL). His core competences are in energy studies, environment and small business development.

Email: [email protected]

image PDF   |   image HTML
 

Relevant Topics

Peer Reviewed Journals
 
Make the best use of Scientific Research and information from our 700 + peer reviewed, Open Access Journals
International Conferences 2017-18
 
Meet Inspiring Speakers and Experts at our 3000+ Global Annual Meetings

Contact Us

Agri & Aquaculture Journals

Dr. Krish

[email protected]

1-702-714-7001Extn: 9040

Biochemistry Journals

Datta A

[email protected]

1-702-714-7001Extn: 9037

Business & Management Journals

Ronald

[email protected]

1-702-714-7001Extn: 9042

Chemistry Journals

Gabriel Shaw

[email protected]

1-702-714-7001Extn: 9040

Clinical Journals

Datta A

[email protected]

1-702-714-7001Extn: 9037

Engineering Journals

James Franklin

[email protected]

1-702-714-7001Extn: 9042

Food & Nutrition Journals

Katie Wilson

[email protected]

1-702-714-7001Extn: 9042

General Science

Andrea Jason

[email protected]

1-702-714-7001Extn: 9043

Genetics & Molecular Biology Journals

Anna Melissa

[email protected]

1-702-714-7001Extn: 9006

Immunology & Microbiology Journals

David Gorantl

[email protected]

1-702-714-7001Extn: 9014

Materials Science Journals

Rachle Green

[email protected]

1-702-714-7001Extn: 9039

Nursing & Health Care Journals

Stephanie Skinner

[email protected]

1-702-714-7001Extn: 9039

Medical Journals

Nimmi Anna

[email protected]

1-702-714-7001Extn: 9038

Neuroscience & Psychology Journals

Nathan T

[email protected]

1-702-714-7001Extn: 9041

Pharmaceutical Sciences Journals

Ann Jose

[email protected]

1-702-714-7001Extn: 9007

Social & Political Science Journals

Steve Harry

[email protected]

1-702-714-7001Extn: 9042

 
© 2008- 2017 OMICS International - Open Access Publisher. Best viewed in Mozilla Firefox | Google Chrome | Above IE 7.0 version
adwords