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Nigerians Jubilate as FG Removes VAT on Diesel, Cooking Gas, Others

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The Federal Government has announced tax exemptions on key energy products and infrastructure, as well as fiscal incentives for the upstream and downstream oil and gas sectors, sparking widespread jubilation among Nigerians.

 

Mohammed Manga, Director of Information and Public Relations at the Federal Ministry of Finance, stated on Wednesday that the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, unveiled two major fiscal initiatives aimed at revitalizing Nigeria’s oil and gas sector.

 

According to Edun, “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.”

 

These measures are designed to lower the cost of living, bolster energy security, and accelerate Nigeria’s transition to cleaner energy sources.

 

Additionally, the tax incentives for deep offshore oil and gas production provide new tax reliefs for deep offshore projects, with the goal of positioning Nigeria’s deep offshore basin as a premier destination for global oil and gas investments.

 

These reforms are part of a broader series of investment-driven policies introduced by President Bola Ahmed Tinubu, in line with Policy Directives 40-42, to foster sustainable growth in the energy sector and boost Nigeria’s global competitiveness in oil and gas production.

 

The government emphasized that these initiatives put Nigeria on track to reclaim its position as a leader in the global oil and gas market, while also demonstrating a commitment to fostering sustainable growth, enhancing energy security, and driving economic prosperity for all Nigerians.

 

 

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Edo State: Security First, Politics Later, Obaseki Urges Okpebholo

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Outgoing Edo State Governor, Godwin Obaseki has issued a stern warning to incoming Governor, Senator Monday Okpebholo, emphasizing that prioritizing politics over security could lead to significant challenges for the state.

Obaseki delivered this message during a recent security briefing in Benin with key state security officials.

“My advice to the incoming administration is to take security seriously and never prioritize politics over security.

“Citizens deserve a safe environment, and if politics overshadows security, there will be problems,” Obaseki said.

Reflecting on his administration’s achievements, Obaseki highlighted how his team has strengthened Edo’s security architecture since 2016, positioning the state as one of Nigeria’s safest regions for living and business.

Through strategic partnerships with security agencies and heavy investment in technology, his administration documented and responded to incidents statewide, fostering a climate that attracted investors and fueled economic growth.

He attributed Edo’s improved security landscape to a collaborative approach with security agencies, urging the incoming administration to build on these foundations.

“We’ve shown it’s possible with the right people and resources. Now, we need all stakeholders on board to secure our state—and ultimately, our nation,” he added.

Obaseki’s message leaves a clear mandate for Okpebholo: put security above politics to sustain Edo State’s progress.

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Tinubu Arrives in Riyadh for Arab-Islamic Summit on Middle East Crisis

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President Bola Ahmed Tinubu arrived in Riyadh, Saudi Arabia, on Sunday to attend the Joint Arab-Islamic Summit, convened to address the crisis in the Middle East.

The summit, organized at the invitation of King Salman and Crown Prince Mohammed Bin Salman, will bring together leaders from across the Arab and Islamic worlds to discuss critical regional issues, with a focus on the Israel-Palestinian conflict.

Presidential Spokesperson, Bayo Onanuga stated that Tinubu, who landed at King Abdulaziz International Airport and was welcomed by Prince Mohammed Bin Abdulrahman Bin Abdulaziz, will advocate for an immediate ceasefire and emphasize Nigeria’s commitment to a peaceful resolution.

Tinubu is also expected to promote renewed international efforts to revive the two-state solution as a long-term approach to lasting peace.

“The President will highlight Nigeria’s strong call for a ceasefire and a diplomatic resolution to the conflict, and will push for renewed global focus on the two-state solution,” Onanuga explained.

The summit, set to commence on Monday, November 11, is anticipated to provide a significant platform for dialogue on pathways to stability in the region.

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Evangelist Ebuka Obi Reveals Vows of Virginity, Humility, Service

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Evangelist Ebuka Obi, the Leader of the Zion Prayer Movement Outreach, recently shared the three commitments he made to God before founding his ministry, which he regards as a prayer ground rather than a church.

In an interview with The Sun, Obi revealed that he remains a virgin and plans to uphold his vow of abstinence until marriage, a commitment inspired by advice he received as a young man from Rev. Fr. Luke Odinkemmelu.

Recalling the priest’s counsel, Evangelist Obi said, “He told me not to have sex until I marry…to maintain God’s grace.” Following this guidance, he pledged to uphold chastity and has remained true to his promise, stating, “I’ve not had sex before.”

In addition to celibacy, the clergyman vowed not to open a church of his own. “The Reverend Father instructed me not to leave the Catholic Church where I was born,” Obi explained.

While his Zion ministry reaches a large audience, he respects this advice, refraining from conducting baptisms or weddings, which he sees as church sacraments.

Finally, Obi promised not to let money drive his ministry, a principle he holds dear to avoid being “money-minded.”

These three promises—to stay chaste, avoid church leadership, and prioritize service over profit—are central to his spiritual mission and the foundation of his rapidly growing outreach.

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