President Tinubu Suspends VAT On Diesel

Date: 02-10-2023 8:10 am (1 month ago) | Author: Olusanya Akinrinola
- at 2-10-2023 08:10 AM (1 month ago)
(m)

President Bola Ahmed Tinubu has approved a six-month waiver of the 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly known as diesel.

Mohammed Idris, the Minister of Information and National Orientation disclosed this on Sunday after a meeting between the federal government and the organized labour.

The development comes amid the rising cost of diesel, which jumped from 600/per litre in earlier June to N1000/ per litre.

The Federal Government also committed to providing funds for micro and small-scale enterprises and waivers on VAT on diesel for the next six months,” Idris said.

It was reported that the announcement comes as part of resolutions from an emergency meeting between the federal government and the organized labour to halt the planned October 3 indefinite strike.

The federal government also reiterated its commitment to provide funds for micro and small-scale enterprises.

Posted: at 2-10-2023 08:10 AM (1 month ago) | Hero
- kp45 at 2-10-2023 10:23 AM (1 month ago)
(m)
Laughing continue,.... Collecting with right hand and giving with left hand. Who collect the most Huh?
Posted: at 2-10-2023 10:23 AM (1 month ago) | Hero
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- vicky987 at 2-10-2023 12:54 PM (1 month ago)
(m)
The situation has overwhelmed Tinubu.....
Posted: at 2-10-2023 12:54 PM (1 month ago) | Upcoming
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