Urgent reforms needed to attract investment in crude production

The domestic forestry sector is grappling with excessive timber-trafficking, leading to an estimated revenue loss of US$200million annually.

Timber trafficking takes place when loggers harvest and transport timber without complying with the country’s forestry regulations, dodging taxes, royalties and fees that should boost government revenues. This situation threatens both the timber sector’s sustainability and the country’s ability to preserve its forest ecosystems.

read more : https://thebftonline.com/2024/10/31/urgent-reforms-needed-to-attract-investment-in-crude-production/

#bftonline #bft #business #news #businessinsight #finance