KPMG presentation

Very important for Nigeria to pass a bill that is realistic.

KPMG believes that the provisions on cost price ratio will harm investment.

NDDC no longer relevant and host community funds should be deducted from the contribution to NDDC funds.

Environmental remediation fund is not necessary.

Voluntary conversion from current licenses to the new licenses created under the PIB is not truly voluntary given the time within which it must be done.

The PIB should not mandate the formation of new companies to takeover existing midstream operations of licensees.

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