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Nigeria Ends VAT on Natural Gas and Diesel to Boost Clean Energy Investments

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© Allen Dreyfus
  • New fiscal measures aim to stimulate the economy and attract deepwater oil and gas exploration investments
  • Tax credits for natural gas projects and incentives for electric vehicles included in the reforms

 Abuja, Nigeria – Nigeria is eliminating value-added tax (VAT) on natural gas and diesel as part of new measures to stimulate economic growth and encourage investments in clean energy, the Ministry of Finance announced Tuesday.

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