Tax Ombud, OGFZA Collaborate to Deepen Investor Confidence, Attract FDI
Eromosele Abiodun As part of efforts to increase Nigeria’s tax-to-GDP ratio, the Office of the Tax Ombud and the Oil and Gas Free Zones Authority (OGFZA) have resolved to explore
The Office of the Tax Ombud and the Oil and Gas Free Zones Authority (OGFZA) have announced plans to deepen their collaboration in order to increase investor confidence and attract more foreign direct investment (FDI) into Nigeria’s oil and gas free zones. Dr. John Nwabueze, the Tax Ombud/Chief Executive, highlighted the importance of effective mediation services provided by the Tax Ombud in addressing tax and fee-related grievances, contributing to fair, transparent, and investor-friendly tax administration.
Meanwhile, Usman Bamanga Jada, the Managing Director/CEO of OGFZA, explained that existing incentives, tax exemptions, and customs duty concessions have already encouraged sustainable FDI inflows, infrastructure development, and employment generation. The joint effort aims to build investor confidence and promote business activities within the designated zones, aligning with President Bola Ahmed Tinubu's Renewed Hope Agenda.
Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
