The Federal Government, in an effort to cushion the effects of the recent removal of the fuel subsidy, has declared the removal of the value-added tax (VAT) on diesel for the coming six months.

This announcement was made public by Femi Gbajabiamila, the Chief of Staff to President Bola Tinubu, after the conclusive discussions with the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC).

Key resolutions from the meeting include:
The approval of a N25,000 provisional wage increment for all treasury-paid federal government workers over a period of six months.

The commitment of the Federal Government to expedite the delivery of Compressed Natural Gas (CNG) buses to mitigate public transportation challenges that have risen from the removal of the PMS subsidy.

A pledge to allocate funds specifically for micro and small-scale enterprises.
An acknowledgment of the 8.57% spike in diesel prices, as reported by the National Bureau of Statistics, with consumers now paying an average of N854.32 per litre, a significant rise from N786.88 per litre from the previous year.


The commencement of payments, by the Federal Government, of N75,000 to 15 million households at N25,000 monthly from October to December 2023.

The National Bureau of Statistics had highlighted a worrying trend in diesel prices which, spurred by a 7.5% VAT and forex challenges, catapulted from N650 per litre to nearly N950. In light of these developments, Bennett Korie, the President of the Natural Oil and Gas Suppliers Association of Nigeria, had emphasized the severe impact of the VAT on diesel, which had propelled pump prices to staggering heights across the nation.

The meeting, which saw the participation of prominent figures including Lagos State Governor, Babajide Sanwo-Olu, Governor Abdulrazak Abdulrahman of Kwara State, and Governor Dapo Abiodun of Ogun State, also touched upon the longstanding issues between the Road Transport Employees Association of Nigeria (RTEAN) and National Union of Road Transport Workers (NURTW) in Lagos State.

Both NLC and TUC are currently deliberating the propositions made by the Federal Government with the aim of potentially halting their planned industrial action, allowing further discussions on the actualization of the aforementioned resolutions.

The Minister of Information and National Orientation, Mallam Mohammed Idris, emphasized the Federal Government’s dedication to addressing these pressing concerns, urging that solutions are more feasible with workers at their stations rather than on strike. The labor delegation, which was headed by NLC President Joe Ajaero and included notable leaders from both NLC and TUC, seemed hopeful for the forthcoming consultations.

SOURCE:https://brandspurng.com/2023/10/02/federal-government-removes-vat-on-diesel-for-six-months/

Nawao

It’s still Nigerians that will suffer for its removal when the VAT is been fully restored after the 6 months removal

BrandSpurNG:

SOURCE:https://brandspurng.com/2023/10/02/federal-government-removes-vat-on-diesel-for-six-months/

CNG that the morons are shouting about is now more expensive than diesel and it has lower energy-density in fact

These APC guys are very useless people they don't know what they are doing. I pity stupid Nigerians who cannot think for themselves and understand how useless these fools actually are

Bulaba is corn-fused

Beware of the fake news pushed to the front page by forgery sympathizers on NL like plaindealer LiesDealer.

The deposition is available online for free; read for yourselves.

Don't let bulabans deceive you.

So after six months, what next? Tinubu has missed d whole ting. So dis is d best Tinubu can do as a president? Master strategist in d midst of Yoruba mugus bcs Yorubas are easily deceived that's why they sees him as Lord and master

Truths9ja:
It’s still Nigerians that will suffer for its removal when the VAT is been fully restored after the 6 months removal

The VAT wasn't even there before BULABAA came and imposed it to further strangulate Nigerians.

Tax citizens massively and later plunder such savings made from these taxes.... and the circle continues.

NewDea4:


CNG that the morons are shouting about is now more expensive than diesel and it has lower energy-density in fact

These APC guys are very useless people they don't know what they are doing. I pity stupid Nigerians who cannot think for themselves and understand how useless these fools actually are

I thought the CNG was different from the normal cooking gas?

A sect of people would still condemn this.

They have traded their 8-year joy for criticism.

NewDea4:


CNG that the morons are shouting about is now more expensive than diesel and it has lower energy-density in fact

These APC guys are very useless people they don't know what they are doing. I pity stupid Nigerians who cannot think for themselves and understand how useless these fools actually are

D most useless party in d world is APC while d most useless supporters of a party in d world are AGBADORIANS

Medicine after death

VAT like BAT

Are this people really sure of what they are saying

Let them keep trying O! Maybe they'll find the solutions to the problems of Nigeria.

omoh...........dis people are confused.

Nteogwuija:


I thought the CNG was different from the normal cooking gas?

Yeah. All those who converted from fuel to CNG are now seeing pepper.

Why. Nigeria owes a lot of debt. More Vat should be introduced for sustainable growth and development of the economy.

This government is by far the most useless government to ever rule Nigeria.

1950Mack:
Medicine after death

Spilled Milk.

1950Mack:
.

Lolz...i saw what you wrote/deleted though...seems like you are hating for no reason...SMH.

1950Mack:
oya oya you don catch me... just catching fun bro... no hard feelings .... naija na cruise... I like to pull the legs of political bigots.... thought you're one of em... I no carry hate for head

...no hard feelings...i don't entertain hate i'll just off once i notice bad energy btw are you an ancestor? going by your moniker!






Wittyness.

Jeezuzpick:


The VAT wasn't even there before BULABAA came and imposed it to further strangulated Nigerians.

Toor, it’s still the suffering Nigerians that’s hailing this clueless treasury looters that will still suffered it bad las las

Ok

Great NEWS! One of the things that was revealed during the meeting of youngest Abuja Politicians at Apo Legislative Quaters 3 Days ago is the Presidential Plan to make Nigerian-Grown Foods unprecedentedly Surplus and Government Provision for Exportation of the Excess. Watch out for More Agriculture Great NEWS on the Billion Naira Incentives to massively Pull Nigerian Youths Population into Lucrative Farming, it is on the way.
More on this was revealed in a section here: https://www.nairaland.com/7866920/let-tinubu-breathe-allow-tinubu#126227545

Truths9ja:
It’s still Nigerians that will suffer for its removal when the VAT is been fully restored after the 6 months removal

Please, repent from your Negativity Spreading for once! By that 6 Month, Fuel price would have reduced drastically with the Plans that Government is currently implementing and the wicked Artificial FOREX Scarcity intentionally orchestrated by enemies of this Administration to make Naira useless would have been dealt with. Nigeria and Nigerians shall soon Celebrate!

wittywriter:

Spilled Milk.




Wittyness.

.

How much now? Yeye

Nice move

part of the Shege has been postponed for 6 months.

ImoleNaija:
A sect of people would still condemn this.

They have traded their 8-year joy for criticism.

To tell u how useless a tribe can be, supporting any spit from certificate forge. Removing Vat for six months, after that what next? Trial and error is not what Nigeria needs now. No blueprint for d public to know what to expect.

Nice one from the president .Ride on sir

Beer go add money from Monday

How is diesel important to a poor man like me?