Assessing the Petroleum Fiscal Regimes of Nigeria, Ghana, and Cameroon

Petroleum extraction is a lucrative source of tax revenue for many governments in Sub- Saharan Africa. However the generation of oil tax revenue can be limited by the need to attract and incentivize oil companies to conduct exploration and extraction activities. This thesis assesses how three African countries -- Nigeria, Ghana, and Cameroon -- administer the tradeoff between maximizing tax revenue for the state and attracting investment. It uses a four-point framework to examine the inputs or design of each country's regime by focusing on: the state's dependence on oil revenue; the stage of development of the oil industry; the government's financial position; and the extent of state participation in the oil sector.