Top Stories
We’ve Removed VAT On Diesel, Cooking Gas, Tinubu Assures Nigerians
The Nigerian government has said that it has taken out Value Added Tax on cooking gas, diesel and some other products.
Wale Edun, Nigeria’s minister of finance and the coordinating minister of the economy said this in a statement on Wednesday.
The statement signed by the Director of Information and Public Relations at the Ministry of Finance, Mohammed Manga, said that the Federal Government is planning on incentives that are aimed at revitalising Nigeria’s oil and gas sector.
According to him, these incentives will include VAT modification order 2024 and notice of tax incentives for deep offshore oil and gas production.
He added that this decision is in line with the Oil and Gas Companies (tax incentives, exemption, remission, etc.) Order 2024.
He said: “In addition, the Notice of Tax Incentives for Deep Offshore Oil & Gas Production provides new tax reliefs for deep offshore projects.
“This initiative is aimed at positioning Nigeria’s deep offshore basin as a premier destination for global oil and gas investments,” he added.
- News13 hours ago
Appeal Court Overturns Judgment On Rivers LG Elections
- News6 hours ago
Why Seyi Tinubu Can’t Be Lagos Governor- Igbokwe
- Top Stories12 hours ago
“I did not punch Akpabio” – Senator Bamidele speaks on alleged fight with Senate President
- Top Stories13 hours ago
2027: “No vacancy for non-indigenes in Alausa” – Lagos youths tell Seyi Tinubu
- Top Stories9 hours ago
Simon Ekpa Not Our Member, Should Not Be Associated With Us- IPOB
- Politics13 hours ago
‘Don’t Waste Your Time Again In 2027’: Bode George Begs Atiku (Video)
- News12 hours ago
My husband assaulted me, ruined my career – Olajumoke Onibread
- Top Stories13 hours ago
National Assembly Passes Bill For Life Imprisonment For Drug Traffickers