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Oil Producers Raise Alarm Over 270 Taxes , Urge FG To Ease Regulatory Burden Nigeria's independent oil producers have expressed concern over what they describe as an excessive tax regime, warning that the proliferation of taxes, levies and regulatory charges is increasing the cost of crude oil production and weakening the country's competitiveness. The concerns were raised during the 2026 Nigeria Oil and Gas (NOG) Energy Week, where the Group Chief Executive Officer of Aradel Holdings and Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, said operators currently contend with more than 270 different taxes, fees and charges imposed by various government agencies. According to him, the cumulative financial and administrative burden is gradually eroding the incentives introduced under the Petroleum Industry Act (PIA), which was designed to attract investment into Nigeria's oil and gas sector. Falade noted that Nigeria missed v...