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VAT and Custom Duty Removed On Cooking Gas Importation

The Federal Government has removed VAT and customs duty payments from cooking gas imports. This is according to a letter written to several government agencies.

The federal government has decided to waive customs duty and value-added tax (VAT) on the importation of liquefied petroleum gas (LPG) also known as cooking gas and its associated equipment. This action aims to bring down the cost of cooking gas across the country.

The Ministry of Finance conveyed this decision in a letter dated November 28, 2023, addressed to several officials including the Special Adviser to the President on Energy, the Comptroller-General of the Nigeria Customs Service (NCS), and the Chairman of the Federal Inland Revenue Service (FIRS). Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, signed the letter.

The Federal Government has eliminated VAT and customs duty on cooking gas imports, as announced in a letter from the Ministry of Finance dated November 28, 2023, aiming to reduce the cost of cooking gas nationwide.

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