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Nairaland Forum / Nairaland / General / Business / Cooking Gas Marketers Applaud FG On VAT Removal (14906 Views)
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Cooking Gas Marketers Applaud FG On VAT Removal by BrandSpurNG: 2:38am On May 18, 2019 |
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) Thursday commended the federal government for the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG). The group President, Mr Nosa Ogieva-Okunbor, in a statement, said the federal government had signed the approval of VAT removal on LPG and gazetted same. According to him, clamour for VAT removal from domestically produced LPG otherwise known as cooking gas has been of perennial concern to members of the association. “We express our profound gratitude and thanks 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 the timely directive stopping the inappropriate and indiscriminate installation of LPG skid plants in petrol stations,” Ogieva-Okunbor said. He said the directive that all skid plants in filling stations be dismantled and removed was apt considering the huge danger and risk to the public in the operations of LPG skid plants in filling stations. He, however, appealed for proper and thorough implementation of the directive across the country. The marketers’ leader also pleaded with 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 a major interest of the government. He said marketers were also geared toward ensuring the success of the programme by complementing the efforts of the government. According to him, “We, therefore, appeal for a reduction on import duty on LPG equipment and accessories. “The increased awareness of LPG usage has seen consumption in Nigeria growing from 50,000MT in 2007 to over 600,000MT in 2018 with more indigenous investments in LPG bottling plants. “This will further ensure that majority of Nigerians enjoy the convenience of the proximity of LPG refill or exchange points. “We implore the federal and state governments to initiate a well-funded social welfare programme to expand usage of LPG. SOURCE: https://brandspurng.com/2019/05/17/cooking-gas-marketers-applaud-fg-on-vat-removal/ 4 Likes
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Re: Cooking Gas Marketers Applaud FG On VAT Removal by sunnyking09(m): 2:46am On May 18, 2019 |
That's good steps from federal government 15 Likes 1 Share |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by helinues: 2:37pm On May 18, 2019 |
Kudos to Fg 7 Likes |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by FhukaFhuka: 2:38pm On May 18, 2019 |
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Re: Cooking Gas Marketers Applaud FG On VAT Removal by Richdad50(m): 2:40pm On May 18, 2019 |
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Re: Cooking Gas Marketers Applaud FG On VAT Removal by MorataFC: 2:40pm On May 18, 2019 |
Is it now free for the consumer? ![]() 6 Likes 2 Shares |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Qpetz: 2:40pm On May 18, 2019 |
legendarymega:Victim? 1 Like 2 Shares |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by AllenSpencer: 2:41pm On May 18, 2019 |
God bless His Excellence, President Mohammadu Buhari (GCFR) 23 Likes |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by aremuforlife(m): 2:41pm On May 18, 2019 |
F.G has done their part but the most evil among them are the marketer. Hope they will not use these as an opportunity to milk the masses 16 Likes |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Girlieo(f): 2:41pm On May 18, 2019 |
Ok |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Brightology2(m): 2:42pm On May 18, 2019 |
Please someone should explain, Biko. Does this imply that, the price per KG which is 300 and 5 KG which is 1500 will reduce? 2 Likes |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Shukusheka(m): 2:44pm On May 18, 2019 |
I don't understand why gas would be exempted from VAT but we still pay VAT for food which is more essential. ![]() 2 Likes |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Bleiz(m): 2:44pm On May 18, 2019 |
That's a good step in a good direction. At the same time, government should ensure that the accessories are affordable. Making them affordable will ensure that rural dwellers can be able to afford them. This will on the other hand, help preserve our depleting forests. Some countries are even subsidizing LPG. 1 Like |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by royalamour(m): 2:45pm On May 18, 2019 |
legendarymega: ![]() ![]() ![]() 11 Likes 1 Share |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Nobody: 2:45pm On May 18, 2019 |
I guess this is why the price of cooking gas fell this week from 3900 to 3500 for a 12.5kg gas refill. 4 Likes |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by FhukaFhuka: 2:46pm On May 18, 2019 |
Shukusheka:
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Re: Cooking Gas Marketers Applaud FG On VAT Removal by mikron(m): 2:46pm On May 18, 2019 |
so will this further reduce the cost of refilling gas in nigeria? it had better o |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Nobody: 2:46pm On May 18, 2019 |
Wetin dey happen like this? |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Nobody: 2:47pm On May 18, 2019 |
Shukusheka:Because more people should be able to use gas for cooking, saving the forests, less pollution. 8 Likes |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by ifeelgood: 2:48pm On May 18, 2019 |
Bye to Saraki and welcome to the era of good news. 3 Likes |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Adakintroy: 2:48pm On May 18, 2019 |
... |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Adakintroy: 2:50pm On May 18, 2019 |
How I use to love cars. When my mother gave me electricity money to go I and pay. I use it to play bet in hope it double for my car. I was sitting on the varanda when the car arrived. It's was Nepa, van.they came for the light. I won't tell you what happenedd between me and my mother later on. It's confidencial. |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Dottore: 2:50pm On May 18, 2019 |
Ok |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by chibestjerry(m): 2:50pm On May 18, 2019 |
The guy above me are you using MTN |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by philip0906(m): 2:51pm On May 18, 2019 |
Adakintroy:What gibberish are you typing? ![]() 2 Likes |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by Shukusheka(m): 2:51pm On May 18, 2019 |
Brightology2:This means there should be a 5% drop in price of gas per KG. If you buy gas at N300 per kg before, it should drop to N285 now. But we both know price only increases in Nigeria it never drops. ![]() 1 Like 1 Share |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by wildwest22: 2:52pm On May 18, 2019 |
So will it bring down the price? |
Re: Cooking Gas Marketers Applaud FG On VAT Removal by femi4: 2:52pm On May 18, 2019 |
doreto:fell? Its always between N3600 - N3800 1 Like |
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