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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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FG Targets Guinness World Record with 3.6km Dining Table in Abuja

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By Onyeanya Ebere Immaculata

 

The Federal Government will attempt to break the Guinness World Record for the longest dining table during the Mega Renewed Hope NIHOTOUR Gastronomy Festival slated for December 6 in Abuja. The 3.6-kilometre table is expected to host between 2,000 and 3,000 participants.

Director-General of the National Institute for Hospitality and Tourism (NIHOTOUR), Dr. Abisoye Fagade, announced this on Thursday alongside the Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa.

Fagade said the record attempt will be followed by communal dining, cultural displays, music, and comedy, adding that the initiative aims to position Abuja as a major cultural destination.

He noted that the festival aligns with President Bola Tinubu’s Renewed Hope Agenda, promoting tourism, hospitality, and youth empowerment through skills development.

Minister Musawa described the event as a platform for economic inclusion and creative growth, highlighting gastronomy’s role in national development alongside film, music, and fashion.

The week-long festival, themed “Oriki: Taste of Culture,” will feature exhibitions, culinary masterclasses, food tastings, and investment dialogues showcasing Nigeria’s rich food heritage.

President Tinubu is expected to officially unveil the festival and record attempt in Abuja.

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Senate Clears Air Peace, Faults NSIB Over Drug Allegations

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By Onyeanya Ebere Immaculata

 

The Senate has cleared Air Peace of wrongdoing in the July 13 runway overrun at Port Harcourt International Airport, describing the drug and alcohol allegations against the airline’s pilots as “inconsistent and uncoordinated.”

The decision followed an investigation by the Senate Committee on Aviation, which reviewed the Nigerian Safety Investigation Bureau (NSIB), report and found discrepancies that could harm Nigeria’s aviation reputation.

Committee Chairman, Sen. Abdulfatai Buhari (Oyo North), said the aircraft sustained no damage and returned to Lagos the same day, warning that inaccurate reports could erode global confidence in the country’s air safety ratings.

He commended Air Peace and other domestic carriers for maintaining strict safety standards and urged regulators to support indigenous airlines.

Air Peace Chairman, Allen Onyema, criticised the NSIB’s handling of the matter, calling it misleading and damaging to the airline’s reputation.

He clarified that the incident resulted from human error, not mechanical failure, and reaffirmed the airline’s commitment to safety.

The Senate is expected to issue a final report recommending better coordination and clearer communication among aviation regulators.

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Defence and Security

Army Chief Pledges Better Welfare, Fair Postings for Troops

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By Onyeanya Ebere Immaculata

 

Chief of Army Staff, Lt.-Gen. Waidi Shaibu, has pledged to prioritise troop welfare, transparency, and fairness in postings to boost morale and strengthen operational efficiency.

Shaibu made the promise on Thursday in Maiduguri during an interactive session with defence correspondents as part of his operational tour of the North-East.

He commended troops for their resilience in defending the nation and assured that the Army would sustain and improve the soldier-first welfare policy introduced by his predecessor.

“As soldiers get what is due to them on time, we will extend that support to their families while they serve their fatherland,” he said.

The COAS also vowed that merit and professionalism would guide all postings and appointments, ensuring fairness and competence in leadership.

Shaibu, who assumed office on October 30, 2025, described morale as a key component of fighting power and reaffirmed his commitment to timely payment of allowances and other entitlements.

His visit was part of efforts to assess field operations and enhance the welfare of frontline troops battling insurgency in the region.

(NAN)

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