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Just In: Nigeria Govt Grants VAT Waiver On Diesel For 6 Months

October 1, 2023
by
Diesel

Nigerian Government has announced the removal of value-added tax (VAT) on diesel for the next six months.

The Chief of Staff to President Tinubu, Rt. Hon. Femi Gbajabiamila, who made the disclosure said it is part of the waivers from the resolution reached between the Federal Government and leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) at the end of a four-hour meeting held at the State House on Sunday.

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This comes as the price of diesel has increased to N1,100 per litre,  making businesses and transporters to lament about skyrocketing energy costs and the impact on their operations.

 

Mores Details to follow…

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

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