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Gas marketers commends FG on liquefied petroleum gas VAT removal

By NewsDesk,

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

It said that clamor for the VAT removal from domestically produced LPG, otherwise known as cooking gas, has been of perennial concern to members of the association and that the government had yield to cry of stakeholders.

The President, NALPGAM, Nosa Ogieva-Okunbor, confirmed that the Federal Government had approved the removal of VAT on LPG and gazetted the same and that the action would yield positive result.

Speaking on the development through a statement issued on Thursday, Ogieve-Okunbor indicated that the FG’s move was a prove that both government and relevant agencies had work on raised concerned by the body.

“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,’’ Ogieva-Okunbor said in a statement.

However, the association’s president said that 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 appealed for a proper and thorough implementation of the directive across the country, just as he urged 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.

Ogieva-Okunbor mentioned that the marketers were also geared toward ensuring the success of the programme by complementing government’s efforts.

“We appeal for a reduction on the 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 enjoyed 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 the usage of LPG,’’ the NALPGAM boss said.

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