The Senate yesterday passed the new Oil and Gas Export Free Zone Authority law granting tax holiday to operators in Nigeria.
Oil and gas free zone is located at Onne/Ikpokiri in Rivers State. Lawmakers passed a bill which altered the Oil and Gas Export Free Zone Authority Act Cap 05, LFN 2011, together with a clause providing for the appointment of a Board and Chairman and which must reflect federal character as provided in the 1999 Constitution and subject to approval by the senate.
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