NIGERIA TAX ACT, 2025

Section 103

Section 103 of 206Federal Republic of Nigeria

The duration of an oil prospecting licence relating to production Duration of
sharing contracts in the deep offshore and inland basin shall be determined by oil prospect-
ing licence
the Minister charged with responsibility for matters relating to petroleum and
shall be for a minimum period of five years and not exceeding ten years.

Cite this section

Section 103, NIGERIA TAX ACT, 2025.

https://repo.podus.ai/laws/nigeria-tax-act/section/103/