The Oil Bloc
Your first choice for oil industry news

- Advertisement -

LPG marketers laud FG for VAT removal

0

The Nigerian Association of Liquefied Petroleum Gas Marketers, NALPGAM has lauded the Federal Government for the removal of Value-Added Tax (VAT) on locally sourced Liquefied Petroleum Gas, LPG.

According to Leadership, the NALPGAM President, Mr Nosa Ogieva-Okunbor, the Federal Government had approved the removal of VAT on LPG. According to him, the clamour for VAT removal from domestically produced LPG, otherwise known as cooking gas, had been of perennial concern to members of the association.

He said, “We express our profound gratitude to the Federal Government and all relevant government agencies for listening to our plea to remove VAT from LPG products sourced locally. We also want to use this opportunity to thank and appreciate the Department of Petroleum Resources (DPR) for its timely directive stopping the inappropriate and indiscriminate installation of skid plants in petrol stations’’.

According to him, the directive that all skid plants in filling stations be dismantled and removed was apt, considering the huge danger they constitute to the public in the operations. He further pleaded for a proper and thorough implementation of the directive across the country.

Meanwhile, he urged the government to create a more conducive and enabling environment for investors in the industry, particularly now that deepening the consumption of LPG in the country had become one of its major interest. He said marketers were also geared toward ensuring the success of the programme by complementing government’s efforts.

He further urged the federal and state governments to initiate a well-funded social welfare programme to expand the usage of LPG.

Source Leadership
You might also like

Leave A Reply

Your email address will not be published.

Translate »