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Nairaland Forum / Nairaland / General / Politics / FG Exempts LPG Importation From VAT, Customs Duty (16346 Views)
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FG Exempts LPG Importation From VAT, Customs Duty by Islie: 8:56pm On Dec 09, 2023 |
The federal government has exempted the importation of liquefied petroleum gas (LPG) and its equipment from the payment of customs duty and value-added tax (VAT). https://www.thecable.ng/fg-exempts-lpg-importation-from-vat-customs-duty/amp 20 Likes 2 Shares
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Re: FG Exempts LPG Importation From VAT, Customs Duty by greenie77: 8:58pm On Dec 09, 2023 |
It better crash the price! 25 Likes 1 Share |
Re: FG Exempts LPG Importation From VAT, Customs Duty by Racoon(m): 9:02pm On Dec 09, 2023 |
Humn! Hope this is true because the skyrocketted price of cooking gas has added to the woes of the downtrodden masses. 7 Likes 2 Shares |
Re: FG Exempts LPG Importation From VAT, Customs Duty by id4sho(m): 9:03pm On Dec 09, 2023 |
greenie77: But it's still sold in dollars, exchange rate All time low. It's made at bonny but sold at international price 16 Likes 1 Share |
Re: FG Exempts LPG Importation From VAT, Customs Duty by id4sho(m): 9:04pm On Dec 09, 2023 |
Price difference won't be much 9 Likes 1 Share |
Re: FG Exempts LPG Importation From VAT, Customs Duty by JASONjnr(m): 9:07pm On Dec 09, 2023 |
Lol..... FG will just be feeling fly, like they've done something good to the people..... Bunch of headless appointees taking order from a certificate forger. Una go see shege tire! 52 Likes 6 Shares |
Re: FG Exempts LPG Importation From VAT, Customs Duty by Putindbutt: 9:19pm On Dec 09, 2023 |
id4sho:Read what you typed again if it makes any sense to you. Can you shut the mouth if you are not adequately informed about certain issues. 10 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by Kukutente23: 9:32pm On Dec 09, 2023 |
LPG was 300/kg in 2015 when APC took over 34 Likes 3 Shares |
Re: FG Exempts LPG Importation From VAT, Customs Duty by EtinosaDLaw(m): 9:38pm On Dec 09, 2023 |
This should definitely crash the price 3 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by Brendaniel: 9:39pm On Dec 09, 2023 |
It would have been more beneficial to Tinubu supporters if the headline was FG exempts Ronu group from VAT and custom duty, I'm still wondering what they gained by supporting Tinubu if the gain cannot get them anything at a better price than the Igbo man they hate 27 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by Judolisco(m): 9:39pm On Dec 09, 2023 |
Make e crash d price oh.. I gats triple my hustle next year, forget about dis country and focus on myself.... So help me God 5 Likes 3 Shares |
Re: FG Exempts LPG Importation From VAT, Customs Duty by NwaNimo1(m): 9:39pm On Dec 09, 2023 |
Value Added Tax,,,,,,,,,,,,on a product produced abroad? 12 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by datola: 9:40pm On Dec 09, 2023 |
Better. But why not include CNG cylinders and other accessories to bring down the cost of converting petrol car to CNG very affordable. 8 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by ConfidentialDoc: 9:40pm On Dec 09, 2023 |
Oando to the rescue |
Re: FG Exempts LPG Importation From VAT, Customs Duty by santaclaws: 9:41pm On Dec 09, 2023 |
I remember a few years ago when the FG was massively campaigning for the proliferation and mass adoption of cooking gas in the country... now everyone is using cooking gas and they cannot meet local demands, despite the fact that gases are flared daily in the Niger Delta. Safe to say they never foresaw the effects the high demand would have on production capacity & cost. 14 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by XAUBulls: 9:41pm On Dec 09, 2023 |
Islie:All the LPG equipment can easily be manufactured in Nigeria instead of importing them if there is enough focus and innovative thinking. 7 Likes 1 Share |
Re: FG Exempts LPG Importation From VAT, Customs Duty by mytime24(f): 9:41pm On Dec 09, 2023 |
K |
Re: FG Exempts LPG Importation From VAT, Customs Duty by specialmati(m): 9:41pm On Dec 09, 2023 |
before you know it now the the nairaland touts will starting boasting that their oga is working.what has this got to do with the the local man's happiness.is the price good for the local man to purchase 2 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by Splashme: 9:42pm On Dec 09, 2023 |
Ok |
Re: FG Exempts LPG Importation From VAT, Customs Duty by tivta(m): 9:42pm On Dec 09, 2023 |
Abeg oh N1100 per kg is exhubidant , hopefully price will reduce. 1 Like |
Re: FG Exempts LPG Importation From VAT, Customs Duty by TemmyT002(m): 9:43pm On Dec 09, 2023 |
Wontt believe it until itt happens 2 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by Cmanforall: 9:43pm On Dec 09, 2023 |
Price should drop 1 Like |
Re: FG Exempts LPG Importation From VAT, Customs Duty by tivity101: 9:43pm On Dec 09, 2023 |
Taar! It was 250 per kg then not up to 300 [tquote author=Kukutente23 post=127402948]LPG was 300/kg in 2015 when APC took over[/quote] 3 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by seborrhic: 9:46pm On Dec 09, 2023 |
This is a commendable policy. This is what developed Nations do. You maynot subsidise a product so as not to spend funds in unnecessary areas,but by removing some fees,duties,levies,etc,you end up achieving the same price reduction or stabilisation in times of inflation. When they do wrong,as Tinubu has been doing from day 1,he should be condemned. But on the rare occasion he takes a right step,it should also be pointed out. P.S.This was a Buhari policy(2022),so why was it not implemented till now? 4 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by Splashme: 9:46pm On Dec 09, 2023 |
Kukutente23: Was less than that in Lagos. I used to refill a 12.5kg then for #2,900 8 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by OgaTheTop2: 9:47pm On Dec 09, 2023 |
Re: FG Exempts LPG Importation From VAT, Customs Duty by crossfm: 9:47pm On Dec 09, 2023 |
Hehehe. Lamba, seeing is believing . 1 Like 1 Share |
Re: FG Exempts LPG Importation From VAT, Customs Duty by CHAQUR: 9:48pm On Dec 09, 2023 |
Government has done its part...left for rich importers to keep exploiting innocent Nigerians....as what goes up barely comes down in 9ja. 4 Likes |
Re: FG Exempts LPG Importation From VAT, Customs Duty by Funkyswagzz(m): 9:48pm On Dec 09, 2023 |
They better do people are suffering 1 Like |
Re: FG Exempts LPG Importation From VAT, Customs Duty by skj1377(m): 9:49pm On Dec 09, 2023 |
Diesel?? That's the fuel that controls cost of food and other critical sectors of the economy like road construction and manufacturing 4 Likes |
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