Government Lifts VAT on Diesel for a 6-Month Period

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Amazin Zion

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Mar 1, 2023
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The Federal government has announced that the Value Added Tax (VAT) on Automotive Gas Oil (AGO), also known as diesel, will be suspended for the next six months in order to ease the hardship felt by the removal of fuel subsidy by Tinubu's administration.

This was among the resolutions discussed at the meeting between the federal government and members of organized labour at the State House, Abuja, on Sunday.

The government called the meeting to deliberate with the NLC and TUC over the proposed indefinite strike scheduled to commence on October 2, 2023, over the hardship felt by the removal of the fuel subsidy.

The meeting had in attendance the Chief of Staff to the President, Femi Gbajabiamila, the Minister of Labour and Employment, Simon Lalong, and other ministers who represented the federal government.

Read more: https://www.investingport.com/government-lifts-vat-on-diesel-for-a-6-month-period/