Group Commends FG For VAT Removal On Cooking Gas

Operators of cooking gas stations in Port Harcourt, the Rivers State capital, have given a commendation to the Federal Government of Nigeria for the removal of the five per cent Value Added Tax (VAT) on locally manufactured Liquefied Petroleum Gas (LPG) popularly called cooking gas.
The spokesperson of Nigeria Association of Liquefied Petroleum Gas Marketers (NALPGAM) Rivers State, Tobi Arubayi, gave this commendation in a chat with The Tide, Wednesday in his office in Port Harcourt.
Arubayi noted that taking five per cent VAT off cooking gas was a step in the right direction.
He stated that in the past, the Nigeria Liquefied Natural Gas Limited supplied cooking gas at exorbitant rate which made it expensive and explained that the removal of VAT would make the product readily available and cheaper.
Furthermore, Arubayi pointed out that the removal of VAT from cooking gas would attract investors and reduce importation of gas into the country.
According to him, the removal of VAT from LPG by the Federal Government is commendable. This move is a wise decision because it will bring about reduced price and make it available and within the reach of every Nigerian while attracting investors to the sector.

Tonye Nria-Dappa