Month: October 2024

IGP Directs Personnel to Leave Rivers LGAs Immediately

Iheanacho Confidence October 7, 2024

The immediate withdrawal of police officers who were previously stationed to block off Rivers State's 23 local government districts has been ordered by Inspector-General of Police Kayode Egbetokun. The Rivers State Command's Public Relations Officer, Grace Iringe-Koko, made the announcement of this directive in a statement on Monday, October 7. The statement claims that the directive is in response to recent political events that have occurred in Rivers State. "The newly deployed State Commissioner of Police, Bala Mustapha, conveyed the directives of the Inspector General of Police,...

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FG Eliminates Diesel and Cooking Gas Value Added Tax.

Cynthia Okonkwo October 3, 2024

The federal government claims to have stopped charging value-added tax (VAT) on fuel used for cooking, diesel, and other oil and gas-related products. The decision is intended to revive Nigeria's oil and gas industry and increase investor confidence, according to a statement from Mohammed Manga, director of communications and public affairs at the Ministry of Finance The notice aims to reduce living expenses, enhance energy stability, and expedite Nigeria's shift to sustainable energy sources," the statement stated. "The VAT Modification Order 2024 introduces exemptions on a range of key energy products and infrastructure, including Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment." According to him, additional tax breaks for deep offshore projects are offered by the notification of tax benefits for deep offshore oil and gas production. “This initiative is aimed at positioning Nigeria’s deep offshore basin as a premier destination for global...

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