Federal government idea on removal of VAT on LPG and it’s effect on Nigerians

[Tbillion]

Actually it is clearly seen that the price of liquified natural gas(LPG) which is known as cooking gas is now currently at the high hit across Nigeria.this idea of federal government removing import duty and value added tax(VAT)from this product which is the liquified natural gas, to make it affordable for Nigeria gas that was sold 1,300per kilogram is now 1,600 or even more.I think Nigeria has come to a place where we need to encourage the local gas production,so we can stabilize foreign exchange(this is actually one of the reasons for high price)what I mean by local gas is. Am talking about we having our own working refineries.it should not just be a bill that is been signed but not put into work. Government should at least make it a reality, because the way things are going it will soon get to a place where people will have no choice but to go back to traditional or local means of cooking ooo.

[Charles-Tim]

I can remember when fuel subsidy was removed and petrol (PMS) price was increased. Some people converted their generator and car to the one that can use gas. The gases prices are increasing. Government removed the VAT but it continue to increase. The price of 1Kg will soon be ₦20000

Government should at least make it a reality, because the way things are going it will soon get to a place where people will have no choice but to go back to traditional or local means of cooking ooo.

Some people have been going back to the old way of cooking. Anyone that can not buy it will have no option than to use wood or charcoal, but just that this is more common in villages and towns that is not well developed.

[Hewlet]

Am talking about we having our own working refineries.it should not just be a bill that is been signed but not put into work. Government should at least make it a reality, because the way things are going it will soon get to a place where people will have no choice but to go back to traditional or local means of cooking ooo.

if our government are directly or indirectly benefiting from our non functional refineries, then there is no guarantee that they signing any bill to that effect will make any difference.

It's sad that we are choked up from all angle and it's obvious we've gotten stranded on what to do at the moment. Gas is now very expensive, kerosene isn't cheap, to even buy ordinary charcoal now na war and light no even de when person for think of using Hot plate. The matter tire everybody and it's just so sad that there is nothing on ground that will possibly bring our economy to her feet any time soon
 Everyone is after his belly and if we continue like this, we will get to the stage where war will become our only route to freeing ourselves from this whole mess.

[Charles-Tim]

if our government are directly or indirectly benefiting from our non functional refineries, then there is no guarantee that they signing any bill to that effect will make any difference.

I do not know how federal government will benefit from refineries that are not functioning. But I did heard that some politicians and rich men have refineries outside Nigeria. What I read before that is one of the reasons for the high price are the limited storages that the gases can occupy in the country, that it is lower than the demand.

Gas is now very expensive, kerosene isn't cheap, to even buy ordinary charcoal now na war and light no even de when person for think of using Hot plate.

Charcoal is always still better. Although, it is through that it is getting expensive, but everything is getting expensive in Nigeria as usual, but charcoal is very cheap if compared to gas and kerosine.

About electricity, some people are using prepaid and that will discourage them to use electric cooker even if there is constant electricity because it is also expensive. But people do not use postpaid can benefit from it if the electricity is good.