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Nigeria Tax Act 2025 · Chapter 3 · Part III

Section 107Allocation of royalty oil

Royalty oil shall be allocated to the Commission or the holder, in such quantum as shall generate an amount equal to actual royalty payable during each month and the concession rental payable annually in accordance with the production sharing contract terms.
Cite as: Nigeria Tax Act 2025, section 107

Source: Nigeria Tax Act, 2025 (Act No. 7 of 2025), Official Gazette No. 117, Lagos, 26 June 2025. General information, not legal advice.