Manufacturers Seek Removal Of 7.5% VAT On Diesel

The Manufacturers Association of Nigeria (MAN) has called on the federal government to remove the 7.5 per cent Value Added Tax on Automobile Gas Oil pending the supply from international is normalised.

The association also urged the government to convene a strategic meeting with key operators in the economic space in the face of the Ukraine-Russian war.

The president of MAN, Mansur Ahmed, stated this at the 37th Annual General Meeting of Ogun State branch of the association held in Abeokuta.

Ahmed, whose speech was read by the Director-General of MAN, Segun Ajayi-Kadir, said the call for the meeting would help the government to identify viable options to ameliorate the impact of the disruption.

He also called for the implementation of the Eligible Customer Initiative to afford the manufacturers the opportunity of stranded electricity.

While lamenting on the challenges facing the manufacturing sector, Ahmed said the government needed to quickly intervene on the challenges.