Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • NiMet Predicts Three-Day Rain, Thunderstorms Nationwide From Monday
    • Again Boko Haram Kills Nine In Borno, Governor Zulum Mourns
    • There Is Pain Behind That Smile. Just Do Your Bit – By Dr Hassan Gimba
    • What Can Nigeria Learn From China’s Electricity Revolution? – By Dr Dakuku Peterside
    • Amaechi: Nigerian Politicians And Doublespeak – By Kazeem Akintunde
    • Remembering ‘Watergate Scandal’ And Danger Of Crippling Opposition – By Martins Oloja
    • When Power Mongers Regroup: Inside The ADC Circus – By Temitope Ajayi
    • Kwankwaso: The Northern Titan Tinubu Needs For 2027 – By Lamara Garba Azare
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    • HOME
    • NEWS

      NiMet Predicts Three-Day Rain, Thunderstorms Nationwide From Monday

      July 7, 2025

      Again Boko Haram Kills Nine In Borno, Governor Zulum Mourns

      July 6, 2025

      I’m Going To Contest For President In 2027, Peter Obi Declares

      July 6, 2025

      FG Fines Multichoice N766m For Violating Data Protection Act

      July 6, 2025

      We Haven’t Received Any Court Reinstatement Order On Natasha – Senate

      July 6, 2025
    • COLUMN

      There Is Pain Behind That Smile. Just Do Your Bit – By Dr Hassan Gimba

      July 6, 2025

      What Can Nigeria Learn From China’s Electricity Revolution? – By Dr Dakuku Peterside

      July 6, 2025

      Amaechi: Nigerian Politicians And Doublespeak – By Kazeem Akintunde

      July 6, 2025

      Remembering ‘Watergate Scandal’ And Danger Of Crippling Opposition – By Martins Oloja

      July 6, 2025

      Don’t Kill Yourself Because He’s Cheating – By Funke Egbemode

      July 6, 2025
    • EDUCATION

      13 Countries Offering Free Or Low-Cost PhD Programmes For Non-Citizens

      January 25, 2025

      NECO: Abia, Imo Top Performing States In Two Years, Katsina, Zamfara Come Last

      October 3, 2024

      NBTE Accredits 17 Programmes At Federal Polytechnic Kabo

      August 20, 2024

      15 Most Expensive Universities In Nigeria

      May 19, 2024

      FULL LIST: Tinubu Appoints Former SGF Yayale, Ex-Governor Yuguda, Muhammad Abacha, Jega In Universities’ Governing Councils

      May 18, 2024
    • INTERNATIONAL

      Israeli Army Targets Gaza City With Heavy Strikes, Killing 39

      July 6, 2025

      French Intelligence Claims China Trying To Foil Global Sale Of Rafale Jets

      July 6, 2025

      Israel Sending Negotiating Team To Qatar For Gaza Ceasefire Talks

      July 6, 2025

      Texas Flood Kills 24 As Rescuers Search For Children Missing From Girls’ Camp

      July 6, 2025

      UN Says 613 Gaza Killings Recorded At Aid Sites, Near Humanitarian Convoys

      July 5, 2025
    • JUDICIARY

      FULL LIST: Judicial Council Recommends Appointment Of 11 Supreme Court Justices

      December 6, 2023

      Supreme Court: Judicial Council Screens 22 Nominees, Candidates Face DSS, Others

      November 29, 2023

      FULL LIST: Judicial Commission Nominates 22 Justices For Elevation To Supreme Court

      November 16, 2023

      Seven Key Issues Resolved By Seven Supreme Court Judges

      October 26, 2023

      FULL LIST: CJN To Swear In Falana’s Wife, 57 Others As SANs November 27

      October 12, 2023
    • POLITICS

      What Peter Obi May Lose If He Joins Coalition As VP Candidate

      May 25, 2025

      Atiku Moves To Unseat Wike’s Damagum As PDP Chairman, Backs Suswam As Replacement

      April 15, 2024

      Edo’s Senator Matthew Uroghide, Others Defect To APC

      April 13, 2024

      Finally, Wike Opens Up On Rift With Peter Odili

      April 2, 2024

      El-Rufa’i’s Debt Burden: APC Suspends Women Leader For Criticising Kaduna Gov

      March 31, 2024
    • SPORTS

      THROWBACK: How I Became Known As Dodo Mayana – Peter Rufai

      July 6, 2025

      Zubimendi Joined Gunners For £60m – How Arsenal Signed Arteta’s ‘Obsession’

      July 6, 2025

      Best Of African Women’s Football On Display As WAFCON Kicks Off

      July 6, 2025

      Mbappe Scores As Real Madrid Beat Dortmund To Set-Up PSG Semi-Final

      July 6, 2025

      Super Eagles’ Captain, Ahmed Musa Named General Manager Of Kano Pillars

      July 5, 2025
    • MORE
      • AFRICA
      • ANALYSIS
      • BUSINESS
      • ENTERTAINMENT
      • FEATURED
      • LENS SPEAK
      • INFO – TECH
      • INTERVIEW
      • NIGERIA DECIDES
      • OPINION
      • Personality Profile
      • Picture of the month
      • Science
      • Special Project
      • Videos
      • Weekend Sports
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    Home - FULL LIST: FG Exempts Gas Generators, Dual Fuel Vehicles, 61 Others From VAT

    FULL LIST: FG Exempts Gas Generators, Dual Fuel Vehicles, 61 Others From VAT

    By Farouk AbbasOctober 4, 2024
    Gas Gens 2

    THE Federal Government says 63 items have been exempted from Value-Added Tax (VAT).

    Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, disclosed this in a post on X on Friday.

    He said the exempted items are contained in an official gazette for the ‘Value Added Tax (Modification) Order, 2024,’ dated September 3, 2024.

    UBA

    It comes two days after the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced the introduction of concessions aimed at revitalising the oil and gas industry to ensure a boost in Nigeria’s upstream and downstream sectors.

    The minister unveiled two major fiscal incentives. They included VAT modification order 2024 and notice of tax incentives for deep offshore oil and gas production, in accordance with the Oil and Gas Companies (tax incentives, exemption, remission, etc.) Order 2024.

    WIDGET ADS

    In the official gazette, the federal government said the provisions of “this order, as they relate to Automotive Gas Oil (AGO) shall be deemed to have commenced on the 1st day of October, 2023”.

    Here is a full list of the items exempted from VAT:

    Thomas Sankara African Leadership Prize

    CNG/LPG Dual Fuel Vehicles
    Dedicated LPG Vehicles and CNG/LPG Dual Fuel Vehicles
    Parts, and semi-knocked down units (for assembly) of CNG and LPG Buse.
    Parts, and semi-knocked down units (for assembly) of Electric Vehicle
    Electric Vehicles
    Electric Vehicles Battery
    Electric Vehicles Charging System
    Electric Vehicle Solar Charging System
    LPG/CNG Conversion Kits
    CNG Cylinders.
    CNG Cascades
    CNG Dispensers
    Gas Generators
    CNG Trucks (Bobtails and Bridgers; fixed axle and semi-trailers
    Steel Pipes
    Steel Valves & Fittings
    SS Tubes & Fittings
    Storage Tanks (all sizes)
    Regulators
    CNG Pumps and Compressors (all types)
    Steel
    Pressure Relief Valves
    Hydraulic press/Rolling machine
    Heat Treatment Equipment
    Liquid Level Guage
    Pumping Housing and Motors
    Regulator Body
    Pressure Guage
    Truck Chassis
    Metering and Measuring Equipment (including weighbridges, filling scales)
    Dispensing equipment (dispensing scales, nozzles, gas filling systems)
    Safety Features (emergency shutoff valves, pressure relief valves, excess flow valves, breakaway couplings, quick release couplings)
    Gas water heaters
    Gas burners for industry
    Gas boilers
    Gas washing machines and dryers (launderettes) Household or laundry-type washing machines, including machines which both wash and dry.
    CNG, LPG and Cyrogenic Hoses Tubes, pipes and hoses, and fittings thereof (for example,joints, elbows, flanges) of plastics.
    CNG truck heads
    Gas Leak Detectors
    Gas air conditioners
    Cylinder refurbishment equipment
    Blending skid/unit
    Odourizing unit
    Chromatography unit (GC)
    LNG Liquefying Equipment, Heat Exchangers,LNG Vapourizers, Regassification Plant, Liquefied CNG Compression Terminals
    LNG Plant, Machinery, Pumps, Compressors, Filters (Including Gas Filters), Weighing Machines, Valves Equipment
    Cyrogenic Storage Tanks, Liquefied CNG Conversion tanks
    Pipes, Piping Fittings, Flanges used for Liquefied Natural Gas processing
    Electrical Equipment, including Cables for Liquefied Natural Gas processing
    Stell Plates, Angles, Bars for Liquefied Natural Gas Processing
    LNG Related Chemicals
    Biogas Digester
    Biogas Compressor
    De-sulphurization units
    Dryer
    Distillation columns for processing biofuels
    Bio-ethanol refinery equipment
    Fermentation Tanks
    Biofuel related Chemicals, Enzymes and Reagents
    Liquefied Petroleum Gas
    Compressed Natural Gas
    Feed Gas
    Automotive gas oil

    Nigerian TAX Reform - Federal Goverment
    National Orientation Agency Page UP
    FG Gas Gens VAT
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    NiMet Predicts Three-Day Rain, Thunderstorms Nationwide From Monday

    July 7, 2025

    Again Boko Haram Kills Nine In Borno, Governor Zulum Mourns

    July 6, 2025

    I’m Going To Contest For President In 2027, Peter Obi Declares

    July 6, 2025

    FG Fines Multichoice N766m For Violating Data Protection Act

    July 6, 2025
    View 1 Comment

    1 Comment

    1. Okpokirinikoeze Uwamdionyenma on October 5, 2024 7:34 pm

      And has the new VAT policy impacted on the common man who has no food with which to use the gas. It is all charades. The government knows the rightful thing to do. Unfortunately, they will not because hunger has been programmed to kill him off very slowly.

      Reply
    Leave A Reply Cancel Reply

    Latest Posts

    NiMet Predicts Three-Day Rain, Thunderstorms Nationwide From Monday

    July 7, 2025

    Again Boko Haram Kills Nine In Borno, Governor Zulum Mourns

    July 6, 2025

    There Is Pain Behind That Smile. Just Do Your Bit – By Dr Hassan Gimba

    July 6, 2025

    What Can Nigeria Learn From China’s Electricity Revolution? – By Dr Dakuku Peterside

    July 6, 2025

    Amaechi: Nigerian Politicians And Doublespeak – By Kazeem Akintunde

    July 6, 2025
    Advertisement
    WIDGET ADS
    News Point NG
    © 2025 NEWS POINT NIGERIA Developed by ENGRMKS & CO.
    • Home
    • About us
    • Disclaimer
    • Our Advert Rates
    • Privacy Policy
    • Terms of Use

    Type above and press Enter to search. Press Esc to cancel.

    Join Us On WhatsApp