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Marketers kick as DPR explains why FG reimposed VAT on LPG importation

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By Gistflash News

Aug 11, 2021

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), has appealed to the Federal Government to reconsider the imposition of Value Added Tax on imported LPG in the country.

Mr Bassey Essien, Executive Secretary, NALPGAM, made the appeal in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos.

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NAN reports that the government had in 2019 gazetted the removal of VAT on Liquefied Petroleum Gas (LPG), also known as cooking gas, as a product to increase its domestic utilisation.

Essien said the reintroduction of the policy would further increase the prices of cooking gas across the country.

“It is unfortunate that the Federal Inland Revenue Service and the Federal Ministry of Finance have gone to resuscitate a product that has been exempted and gazetted from VAT.

“This was gazetted in 2019 and has encouraged domestic gas utilisation.

“Nigerians are already complaining about the prices of cooking gas across the country and this would further worsen the situation.’’

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He noted that while government was desirous of expanding its revenue base, it should also consider the impact the reintroduction of VAT on importation of LPG would have in the country.

“The government has declared the Year 2021 to Year 2030 as the Decade of Gas in Nigeria with the goal of deepening gas utilisation.

“However, this goal will be defeated if cooking gas goes out of the reach of ordinary Nigerians due to the current increment in prices of the commodity.

“The price of 12.5kg cylinder of cooking gas is between N6,000 to N6,500 across the country. It was being sold for about N4,000 averagely a few months back,’’ Essien said.

He said more than one million metric tonnes of gas were consumed by Nigerians in 2020, with about 60 per cent of the product imported by marketers.

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According to him, we import to augment the 350,000MT allocated to the domestic market by the Nigerian LNG Company Limited.

“So putting VAT on it simply means that Nigerians will pay more and if we go on this route, the price of 12.5kg might hit N10,000 in some parts of the country by December.’’

He noted that some users of cooking gas were gradually reverting to the use of kerosene and firewood with the attendant health implications.

However, Mr Sarki Auwalu, Director, Department of Petroleum Resources (DPR), said government had to re-impose VAT on imported LPG to attract investments to local gas production.

“For me personally, I wouldn’t like us to be importing LPG. This is a country that has over 600TCF of gas. We have proven reserves of 206TCF.

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“If you allow LPG to be imported without any restriction, it means you are not giving opportunity for upstream investors that will drill and get this gas.

”Nigeria gas is sweet and rich. Sweet means that there is no sulphur. Rich means that it is rich in liquid. Anywhere you see gas in Nigeria, you can extract condensates out of it which is another input to the industry.

“You can extract propane, then you extract the LPG butane. So it is this LPG butane that they are bringing in because it is easier to go and buy and sell it here, especially with no payment of VAT.”

According to him, the removal of 7.5 per cent VAT on LPG importation is a discouragement for potential investors in the upstream sector which transcends to double losses for the government.

“Government is losing through VAT and losing investors which are double jeopardy. So for us, it is a policy to encourage the inflow of investment in the gas sector,’’ he said.

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Auwalu added that initiatives such as the Nigerian Gas Transportation Network Code and the Nigerian Gas Flare Commercialisation Programme were geared towards attracting investments to the industry.

NAN

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Gunmen Attack Anambra Police Station, Kill Four Officers

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Gunmen Attack Anambra Police Station, Kill Four Officers
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Unknown gunmen in the early hours of Wednesday attacked a police station located in Atani, the headquarters of Ogbaru Local Government Area of Anambra State.

It was gathered that the gunmen launched the attack on the police facility around 1:30 am on Wednesday.

A further report had it that four police officers were killed in the attack.

Since the emergence of Charles Soludo as the Governor of Anambra State there had been series of attacks on police and government facilities in the state.

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Meanwhile, the spokesman of the state police command, DSP Toochukwu Ikenga, has confirmed the development.

He said, “The hoodlums came around 1 a.m., and unlucky for us, four police operatives paid the supreme price.”

“The Commissioner of Police, CP Echeng Echeng on hearing of the attack immediately mobilized men of the command from various units to the area.

“The hoodlums were still there when the CP personally led men of the command to the affected area, and the timely arrival saved the day and the hoodlums were successfully repelled, and the facility was saved.

“We have commenced intelligence already, and we hope to unravel the persons behind the attack.”

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Supreme Court Affirms Six-Year Jail Term For Former Director Of Pensions, John Yakubu

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Supreme Court Affirms Six-Year Jail Term For Former Director Of Pensions, John Yakubu

Supreme Court Affirms Six-Year Jail Term For Former Director Of Pensions, John YakubSupreme Court Affirms Six-Year Jail Term For Former Director Of Pensions, John Yakubu

The Supreme Court has affirmed the six years imprisonment imposed on a former Federal Director of Pensions, Mister John Yakubu, and also ordered him to refund the sum of N22.9b to the Federal Government.

The N22.9b was part of the police pension fund he admitted before a High Court of the Federal Capital Territory (FCT) to have been misappropriate

Justice Tijjani Abubakar in a judgment in an appeal filed by Yusuf upheld the decision of the Court of Appeal which in 2018 sent him to six years imprisonment in addition to the refund of the sum.

The apex court held that Yusuf and others engaging in fraudulent practices must be told through court judgments that it is no longer business as usual.

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Sept 26, 2021A Senior Advocate of Nigeria (SAN), Mallam Yusuf Ali, says it is not to late for members of the  National Assembly to revisit the issue of  electronic transmission of election results to ensure credibility.Ali, who made the remarks while speaking in an interview with newsmen on Sunday in Osogbo, said the more credible elections were, the less litigations they will attract.The  News Agency of Nigeria (NAN) reports  that the Nigerian Senate had on July 16, passed the Electoral Act (Amendment) Bill, 2021, after division among its members on the electronic transmission of results.

The clause 52(2) of the bill gives the Independent National Electoral Commission (INEC) the discretion to determine when, where and how voting and transmission of results will be done.

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The Senate had ruled out the possibility of having results transmitted electronically when it voted that the NCC, with the National Assembly’s approval, would determine whether INEC could transmit results electronically or not.

Similarly, the House of Representatives, on July 16, passed the Electoral Act (Amendment) Bill, maintaining the controversial Clause 52(2) as presented amidst protests, especially by members of the minority caucus.

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Justice Abubakar said that the appeal of the former federal pension director seeking to set aside the six years jail term against him was frivolous and devoid of merit.

He further held that victims of the convicted director deserve restitution which can only be achieved through justice.

Yusuf had dragged the Federal Government before the apex court seeking to overturn the six years imprisonment slammed on by the Court of Appeal.

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The former pensions director, who is serving the six years jail term at the Kuje correctional facility, also asked the Supreme Court to set aside a whopping sum of N22.9 billion he was ordered to refund to the government treasury by the Court of Appeal in a 2018 judgment.

He was sent to prison in 2018 by the Court of Appeal in Abuja upon being found guilty of defrauding the Federal Government to the tune of N22.9 billion through police pensions.

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Stakeholders task Nigerian youths on good governance, leadership advocacy

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Dr Odiakpo Obire, the founder of Good leadership for Africa, an Abuja based Non-Governmental Organisation (NGO) said the aim of the awards were to encourage African leaders to take their place as leaders among world leaders.
He said the youths of Africa had what it takes to elect the right leaders into offices as this was fundamental to their future and the success of the country.


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Abuja Nov 5, 2021 (NAN) Stakeholders in governance have urged Nigerian youths to be advocates of good governance and leadership in order to make Nigeria a better place.

They gave the advice in separate interviews with the News Agency of Nigeria (NAN) at the second global good governance awards and summit held in Abuja on Friday.

The theme for the award is “ Good governance mentality for global impact.

Dr Odiakpo Obire, the founder of Good leadership for Africa, an Abuja based Non-Governmental Organisation (NGO) said the aim of the awards were to encourage African leaders to take their place as leaders among world leaders.

He said the youths of Africa had what it takes to elect the right leaders into offices as this was fundamental to their future and the success of the country.

According to him, good governance and leadership are achievable and controllable by the youths.
“ Good governance and leadership make strong institutions.

“ The Africa and Nigeria of our dreams cannot be achieved if youths neglect accountability and advocacy of good leadership’, he said.

Obire stated that everyone appointed into a leadership position could help achieve a great Nigeria if they put the needs of the masses first and do what was expected of them.

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“ From the Federal Government to the local government, to the appointees to the least held office, everyone has the responsibility to do the right thing, ” he said.

He said democracy in Nigeria is over 22 years and youths had to rise to the responsibility of advocating for good leadership and accountability.

“ Good governance starts from selecting good leaders by the youths, ” he said.

Amb. Louis Temisan, Mayorking Ultimate International Magazine said a lot of people, institutions and NGOs are worthy of celebration because they advocate good governance.

“ People, institutions and NGOs who are staff minded, support youth empowerment, community development deserve all the celebration and recognition, ” he said.

According to him, advocating for and publicising good governance will challenge other lacking leaders to do better in their respective communities.

Amb. Anthony Nwangwu disclosed that good governance should be measured by good directions and steps taken by a leader to ensure life was easy for people.

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He said good governance is not measured by the number of cars a leader has or how much cash they throw around.

Nwangwu said good governance affects every facets of life.

NAN reports that about 30 people from the private and public sectors were recipients of different awards.

Some category of these awards include, award of Excellence in Human resource, award of best security outfit and award of best youth empowerment. (NAN)

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