Tag: Diesel VAT

Why diesel prices may not reduce in Nigeria - Experts
Business

Manufacturing stakeholders label diesel VAT waiver short-term relief

Manufacturing stakeholders have stated that the diesel VAT waiver is a good thing, but it only provides short-term relief, particularly for businesses that depend on the product. The Times stated that the Manufacturers Association of Nigeria’s Director Ambrose Oruche said the organization had not yet provided a formal response. However, he pointed out that since the VAT is currently 7.5%, the […]