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

The Federal Government of Nigeria has announced a partnership between the Office of the Tax Ombud and the Oil and Gas Free Zones Authority (OGFZA) to address tax and fee-related disputes, with the aim of boosting foreign investment in the country's oil and gas free zones. The collaboration seeks to create a more transparent and predictable environment for businesses operating within these zones by providing an independent channel for resolving grievances related to taxes, levies, regulatory fees, customs duties, and excise matters.

This move aligns with the government's goal of increasing Nigeria's tax-to-GDP ratio while attracting foreign direct investment and stimulating private-sector activity.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.