Corporate Structure

Nigerian oil and gas law restricts the interest of a foreign participant to 40%. However, in practice, foreign partners are required to provide 100% of project financing in exchange for a cost recovery mechanism that recognizes the greater financial risk. By leveraging the dual citizenship of its founder, Ambit has created a corporate structure that provides unrestricted access to oil and gas opportunities in Nigeria.

Through extensive consultation with tax and legal specialists in Nigeria, the United Kingdom and Canada, Ambit has designed a corporate structure and business model that is both tax-effective and efficient, which can deliver over 200% of the returns to its shareholders compared to conventional foreign participation approaches.