‘FG’ll Address Anomaly Of No Tax On Imported Gas’ — Leadership Newspaper
Connect with us
Advertise With Us


‘FG’ll Address Anomaly Of No Tax On Imported Gas’



The federal government has acknowledged what it called an anomaly where domestic Liquefied Petroleum Gas (LPG) is being taxed and tax on imported gas is waived.

The special adviser to the Minister of State for Petroleum Resources on Downstream Infrastructure, Ms Brenda Ataga, disclosed in Abuja yesterday that the government was addressing the issues.

She said that government was also looking into how the gas sector could be structured to become more competitive.

She said, “LPG has zero import duties but there is VAT on LPG and we are in discussions with the Ministry of Finance to balance that anomaly where imported gas has no VAT while domestic LPG has VAT.

“We are discussing that so that LPG can be a more competitive field and we are addressing the issue of pricing as well.’’

She said a target had been set by the ministry to produce five million tonnes of gas in 10 years as against the 700,000 currently being produced annually.

Ataga, who said LPG could be alternative for energy security, added that it could also be an essential alternative to petrol, kerosene, diesel, auto-gas, transportation, cooking and power generation.

“Nigeria Liquefied and Natural Gas is a major producer of LPG in the World. Nigeria stands at second largest producer behind Algeria.

“With volumes like that I don’t know why LPG is not available to the locals, we will be looking at the domestic supply obligations that frame how much LPG is being brought into the country,’’ Ataga said.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: editor@leadership.ng



Pin It on Pinterest

Share This

Share this post with your friends!