The year 2015 will be marked as the year of slow economic growth and haphazard fiscal and monetary policies due in part to the uncertainties brought about by the change in government. There were also leadership changes at the FIRS and a number of state tax authorities.
The process of splitting the moribund Petroleum Industry Bill (PIB) started with the draft Petroleum Industry Governance and Institutional Framework (PIGIF) Bill. It is expected that there will be at least one more Bill to address fiscal regime in the oil and gas industry.
For further details on the major events of the past year, read my article in today's Guardian Newspaper.