FULL LIST: 63 energy items excluded from VAT in new order from Ministry of Finance
The Federal Government has recently introduced VAT exemptions for a range of energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles, as part of efforts to lower prices. Finance Minister Wale Edun stated that these steps are aimed at reducing the cost of living, boosting energy security, and accelerating Nigeria’s shift towards cleaner energy sources. As outlined in an official Gazette from the Ministry of Finance titled; VALUE AD...