Marketers demand suspension of VAT on diesel
Oil marketers have called on the Federal Government to suspend the Value Added Tax on diesel, as it would further increase the burden on Nigerians. The Chairman of the Major Oil Marketers Association of Nigeria, and Chief Executive Officer of Ardova Energy, Olumide Adeosun, made the appeal during an interactive session with journalists in Lagos on Tuesday. He suggested that temporarily exempting diesel from VAT would help alleviate the financial burden for the general population, especially amidst the petrol prices hike. He emphasised the need for a sustainable welfare package for citizens. Adeosun highlighted the importance of productivity in the country’s development and called on the government to address the issues of insecurity, productivity in the oil and gas sector, and the high cost of food and transportation. He urged the government to introduce subsidies on transportation and power and tackle the challenge of crude oil theft. According to him, MOMAN members have t...
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