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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.
Lagos State Police react to claims of them taking money from dispatch riders on the Coastal Road in Lagos.
It started after a rumour was shared that police arrest and take money from riders as a demand for high bribes, sometimes reaching ₦200,000, and seize motorcycles if not given.
The Police Public Relations Officer, SP Benjamin Hundeyin, then addressed the claims online and stated in his statement that he disagreed that the rumour is true and stated, “The spread of misinformation only causes more harm than good. In this era, we can and must do better.”
It has been announced by the governor of Ogun that Tuesday 3rd of February is a public holiday in order to mark the 50th anniversary of the state creation.
This public holiday declaration was released in a statement by the secretary of the state, Tokunbo Talabi.
He then added that the holiday will provide as a day for the citizens to participate in the activities for the state milestone.
Former Kogi politician, Dino Melaye, faces backlash from the public after he shared a video on social media of him abroad and living well through his luxurious lifestyle.
In the same video, he speaks about Nigeria’s current economy and shares his disappointment.
He wrote, “See country, God help us to build a true nation where our wicked leaders will be in jail and the right people in power. Nigeria must be fixed. YES WE CAN.”
However, many state that what he posted and what he is saying contradict each other, and they accused him of sharing his own records to know if he was a corrupt leader.
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