Lpg association commends fg for vat removal
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The Liquefied Petroleum Gas (LPG) Association has commended the Federal Government (FG) for removing Value Added Tax (VAT) on LPG. This move is expected to make LPG more affordable and accessible to Nigerians, particularly in the rural areas where it is often used as a cooking fuel.
The LPG Association, which represents the interests of LPG marketers and distributors, has been advocating for the removal of VAT on LPG for some time. The association believes that this move will help to increase the demand for LPG, reduce the use of firewood and charcoal, and improve the overall health and well-being of Nigerians.
The removal of VAT on LPG is also expected to create jobs and stimulate economic growth in the LPG sector. The association has called on the FG to continue to support the growth of the LPG sector by providing incentives and infrastructure to facilitate the distribution and marketing of LPG.
Overall, the removal of VAT on LPG is a welcome development that is expected to benefit both the LPG industry and the Nigerian economy as a whole.