News
Nigeria Customs Service Announces Tax Exemptions on LPG and CNG Imports
The Nigeria Customs Service (NCS) has introduced significant fiscal incentives, removing Value Added Tax (VAT) and import duties on Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) to boost domestic gas utilisation under the Presidential Gas for Growth Initiative.
In a statement issued on December 18 by NCS National Public Relations Officer, Abdullahi Maiwada, the agency confirmed that machinery, equipment, and spare parts related to gas utilisation would now attract a zero percent import duty.
Additionally, VAT exemptions have been applied to LPG, CNG, their equipment components, and conversion and installation services.
Importers looking to benefit from these incentives must secure an Import Duty Exemption Certificate (IDEC) from the Ministry of Finance and a letter of support from the Office of the Special Adviser to the President on Energy.
The initiative also withdraws debit notes issued to petroleum marketers for LPG imports made using specific HS codes since August 2019, reinforcing the government’s commitment to fostering investment and expanding Nigeria’s gas infrastructure.
Nigerian pastor and overseer of the Citadel Global Community Church, Pastor Tunde Bakare, addresses and reacts to the current happenings of the country regarding the kidnapping and the abductions.
The pastor urges the government on steps they can take to solve and help the people of the country. “The Nigerian government has a clear and urgent duty to protect these Middle Belt communities, who have carried the weight of violence for far too long.”
“Rather than play the ostrich and cover up clear terrorism as mere farmer-herder clashes, the Nigerian state has a responsibility to invade the camps of armed marauders who hide under the cloak of herdsmen of whatever ethnicity, and who invade defenceless communities and gleefully massacre unarmed men, women and children.”
US President Donald Trump criticizes the Nigeria government once again after the increase of insecurity over the past few days. The president stated that the government is failing to protect Christian communities from the attacks going on.
“Nigeria is a disgrace. The whole thing is a disgrace,” Trump said. “They’re killing people by the thousands. It’s a genocide, and I’m really angry about it. And we pay, you know, we give a lot of subsidies to Nigeria. We’re going to end up stopping.”
Former Vice President Atiku Abubakar speaks out against the rising insecurity in the country. He urged the government to take action and claimed that it is not too late to declare a state of emergency.
He reacted after another news of abduction of students was announced on the 21st of November.
“How many more lives must be shattered before decisive action is taken? It is not too late for the government to finally declare a state of emergency on insecurity and confront this menace with the urgency it deserves.”
“No Send-Forth After 13 Years”: Nedu Opens Up About Exit From Wazobia FM
Omah Lay Rejects Davido’s Collaboration Request and Reveals Reason
“A Big Test for Arsenal”: Jamie Carragher Speaks Ahead of Villa Clash
-
Entertainment7 hours agoHarry Song Urges Government to Increase Security Salaries to Fight Insecurity
-
Entertainment7 hours agoPeter Okoye Shares Childhood Struggle That Shaped His Fear of Poverty
-
Entertainment7 hours ago“They Destroyed Me”: 2Baba Distances Himself From Family Over Marriage Crisis
-
Entertainment7 hours agoDavido Honors Wizkid’s Late Mother With Moment of Silence on Stage
-
Sport7 hours agoFormer Man United Star Jesse Lingard Ends Contract With FC Seoul
-
Sport1 hour ago“A Big Test for Arsenal”: Jamie Carragher Speaks Ahead of Villa Clash
-
Entertainment1 hour ago“No Send-Forth After 13 Years”: Nedu Opens Up About Exit From Wazobia FM
-
Entertainment1 hour agoOmah Lay Rejects Davido’s Collaboration Request and Reveals Reason