FG Unveils New Fiscal Incentives to Boost Oil, Gas Sector Introduces VAT modification order 2024 for exemptions on diesel, LPG, CNG, others Offers new tax reliefs for deep offshore projects
Ndubuisi Francis in Abuja
The federal government has unveiled a set of fiscal incentives and concessions designed to bolster
Mr. Wale Edun, who unveiled the two major fiscal incentives, yesterday, said they were part of overall measures to revitalise Nigeria's oil and gas sector:
operations in the nation’s upstream and downstream sectors of the economy. Minister of Finance and Coordinating Minister of the Economy,
The fiscal incentives included Value Added Tax (VAT) Modification Order 2024 and Notice of Tax Incentives for Deep Offshore Oil & Gas Production, in accordance
with the Oil & Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024. A statement issued by the Director, Information and Public
Relations, Federal Ministry of Finance, Mohammed Manga, explained that the VAT Modification Continued on page 14
Naira Redesign Was Good for the Economy, Former Acting CBN Governor, Shonubi Tells Court... Page 6 Thursday 03 October, 2024 Vol 29. No 10767. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Israel Declares United Nations Chief, António Guterres, Persona Non Grata Emmanuel Addeh in Abuja
Israel has barred the secretary general of the United Nations,
Iran’s latest missile attack. Foreign Minister Israel Katz said the United Nations secretary general had not condemned Iran’s missile
António Guterres, from entering the country, Foreign Minister Israel Katz said yesterday, criticising him for failing to forcefully condemn
attack on Israel in strong enough terms. For his part, Guterres said he condemned the attack. But Katz said that Guterres had
been declared persona non grata, a rare diplomatic designation that appeared to reflect broader Israeli anger at the United Nations that has
increased since the deadly Hamas-led attack on Israel last October. Continued on page 14
Engage Military Contractors to Wipe Out Boko Haram, Ndume Tells Tinubu Says it’s global standard practice Condemns fresh attacks on Borno farmers How the terrorists ambushed our farmers, by councilor Story on page 14
UNGA79 Event in New York...
L-R: President and Chairman of the Board of Directors, African Export-Import Bank (Afreximbank), Prof. Benedict Oramah and the Minister of Art, Culture and Creative Economy, Hannatu Musawa, at the just concluded UNGA79 event in New York, United States
French Ambassador Visits Ovia...
Founder and Chairman, Zenith Bank Plc, Jim Ovia, CFR, presenting his highly inspirational book, ‘Africa Rise and Shine’ to the French Ambassador to Nigeria, H.E. Marc Fonbaustier, during a courtesy call by the French envoy and his team to Jim Ovia in Lagos, yesterday.
Access instant loans tailored for:
Get QuickBucks
Salary Earners
Business Owners
Youth Corpers
Individuals
Dial *901*11# to access QuickBucks loans or download AccessMore app today.