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.
Since Uber exited Nigeria, rumours have been circulating over why the company left the country. One of the claims suggested that FAAN was part of the reason for the exit.
The Federal Airports Authority of Nigeria (FAAN) has now addressed the rumours and claims of its involvement in Uber’s decision to leave Nigeria.
FAAN said it could not speak for Uber’s decision, noting that the company likely had its own economic and regulatory considerations for leaving Nigeria.
FAAN’s Managing Director, Olubunmi Kuku, said “I can’t speak to Uber’s exit from Nigeria. I am sure they have their own economic and regulatory decisions as to why they chose to exit.”
Governor of Akwa Ibom, Pastor Umo Eno, reflected on a career choice he made when he had no choice back then.
The governor recalled how he made not less than ₦10 million in a month from selling bread and akara.
He stated “I started selling Akara and bread. Back then, I was doing Akara Burger — we opened the bread and put Akara inside for you. I made not less than ₦10 million in a month.”
Many Nigerians reacted and wondered if his reflection was in response to what the First Lady advised Nigerians earlier about selling corn.
Uber makes headlines in Nigeria as it announces that it is leaving the country. The transportation and logistics business has been in operation in Nigeria since 2014 and suddenly announced its exit on September 2, 2026.
This started with users receiving a message from the team stating that the company would be leaving Nigeria, and the announcement quickly began trending as many Nigerians started talking about Uber’s exit.
Uber shared “We are writing to share some difficult news. After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026.
“This wasn’t a decision we made lightly, because it will have a real impact on our teammates and friends who have worked hard for Uber. It’s important to say that these changes are about how we’re organised and what we’re prioritising, not about anyone’s contributions to Uber, which we will always value,” Khosrowshahi said.
FAAN Breaks Silence on Claims Over Uber’s Departure From Nigeria
‘We’ve Signed a Winner’ – Maresca Hails Enzo Fernández After Man City Move
‘The Fastest Way to Ruin a Child’s Life’ – Patience Ozokwor Advises Parents
-
Sport17 hours ago‘We’ve Signed a Winner’ – Maresca Hails Enzo Fernández After Man City Move
-
Entertainment18 hours agoArtists Who Have Taken Their Music Around The World In 2026
-
Entertainment18 hours agoPriscilla Ojo and Juma Jux Secure Court Order Against Lizzy Anjorin
-
Entertainment18 hours agoTochi Urges BBNaija Ex-Housemates to Focus on Building Their Careers
-
Business17 hours agoFAAN Breaks Silence on Claims Over Uber’s Departure From Nigeria
-
Entertainment17 hours ago‘The Fastest Way to Ruin a Child’s Life’ – Patience Ozokwor Advises Parents