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.
It was reported that former Nigerian president Goodluck Jonathan has allegedly purchased a presidential candidate form for the 2027 elections.
It can be noted that Jonathan served as Nigeria’s president from 2010 to 2015.
This information was revealed by Sani Useni, a special assistant who made the claim. Many reacted to the news, with some expressing interest in seeing Jonathan return to power after staying relatively quiet politically since his administration ended.
However, Jonathan has not yet addressed the public or officially shared any presidential ambition.
The Christian Association of Nigeria (CAN) has reacted to the recent abduction incident in Oyo State.
It can be recalled that schools were attacked by armed men, with some teachers and students reportedly taken. Some people were also killed during the attack.
CAN cried out on behalf of the public, stating “It is intolerable, disgraceful and utterly unacceptable that Nigerian children can no longer sit safely in classrooms without the fear of being kidnapped by armed gangs.”
The organisation also stated that Nigerians are tired of constantly mourning and questioning when something will finally be done to stop the violence.
The Governor of Oyo State, Seyi Makinde, has revealed that seven teachers were abducted following a recent attack on a school in the state.
It was also shared that the number of students taken is still being investigated.
The governor further revealed that some people were killed during the attack and abduction.
He also added “With the pressure on the terrorists and the bandits in the North-West, they will keep moving southward.”
“When you have pressure in one place, we must be prepared on this side to either repel or neutralise any terrorists fleeing the pressure points.”
Victor Osimhen Speaks on His Childhood and Family Struggles
Dolapo Lawal Says Many Nigerians Abroad Are Surviving, Not Thriving
