Tax Ombud, OGFZA to resolve investor disputes, boost foreign investment

The Federal Government of Nigeria aims to increase its tax-to-GDP ratio, which has led to a focus on addressing tax and fee-related disputes within oil and gas free zones. The Office of the Tax Ombud and the Oil and Gas Free Zones Authority (OGFZA) have agreed to collaborate for the benefit of investors. These zones offer tax exemptions and customs duty concessions to attract investment and stimulate economic growth.

However, multiple taxes, levies, and regulatory charges can create uncertainty for businesses. The new partnership aims to establish an independent channel for resolving complaints, clarify tax incentives, and promote transparency. This move aligns with the government's broader tax reforms and investment promotion agenda.