NIGERIAN MINERALS AND MINING ACT

Section 32: Annual Capital Cost Indexation.

2007Section 32 of 165Federal Republic of Nigeria

An annual capital cost indexation, whereby the unclaimed balance of capital costs is increased yearly by five percent, shall apply to mines starting production within five years from the date of enactment of this Act.

Cite this section

Section 32, NIGERIAN MINERALS AND MINING ACT (2007).

https://repo.podus.ai/laws/nigerian-minerals-and-mining-act/section/32/