Marketers of liquefied petroleum gas (LPG) commonly known as cooking gas, have raised further concern on the Valued Added Taxes levied on gas produced in the country, calling for the federal government to remove such charges to enable the industry grow.
The marketers who made the call in Ibadan at a one day seminar organised by the Ibadan chapter of their affiliation, Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) with the theme: “Promoting a Sustainable Environment for Best Practices in LPG Marketing”, also kicked against the importation of gas products into the country.
“It is a thing of shame that in Nigeria we produce gas but we are ranking low in LPG usage. One of these is attributed to this unnecessary VAT charges on gas we produce here while the imported gas is not VATed. We VAT what we produce here and you now allow some people to bring in products and you don’t VAT it, you are not making the market conducive for investors in the business,” National President, NALPGAM, Mr. NosaOgieva-Okunbor, said.
Source: THIS DAY