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Why Federal Govt Must Remove Tariffs On Compressed Gas Containers – Expert

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Chief executive officer of Gas Initiative Nigeria (GIN), Mr Taiwo Odediran, has called for the removal of the tariffs on the importation of containers of compressed gas (CNG) into Nigeria.

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Odediran made the call during an interview with newsmen in Ilorin, Kwara State.

He said the total tariffs as exemplified under the Customs and Excise Tariff (CET), and put at 67.5 percent are antithetical to the growth of Gas Economy Aspiration of President Bola Tinubu-led administration.

Odediran said the newly revised Import Adjustment Tax (IAT) of 40 percent for containers of compressed and or liquefied gas which has now brought the total tariff payable for this item to 67.5 percent is making a mockery of and establishing a direct huddle to the nation’s gas economy aspirations.

“It is a mild statement to state that the tariff is bogus and excessive and thus calls for a prompt review. There can be no gas utility without its containment or storage in steel pressure vessels. Gas containers or tanks are a compulsory part of any gas utility infrastructure.

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“Sadly, your administration’s conscious drive towards a gas-based economy is being threatened by the unrealistic tariff on the Storage Tanks which is one of the key components of Gas Utility as stated above.

“At present, the total tariffs on Gas containers/storage under the Customs and Excise Tariffs (CET) stand at 67.5 percent. These consist of 20 percent ID, 7.5 percent VAT, and 49 percent IAT.”

Odediran said it was surprising to the stakeholders in the gas industry to discover that a gas storage tank, an item crucial to Tinubu’s Gas Economy Aspiration, could carry the highest taxes in the whole of the nation’s Customs and Excise Tariffs.

He said the “bogus” taxes on such an item, no longer drive the economic sector of any nation, positively.

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NEMA Distributes Grains To Vulnerable In Kebbi

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Director-general of the National Emergency Management Agency (NEMA), Zubaida Umar has distributed assorted grains from the federal government to the people of Kebbi State.

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While distributing the grains yesterday at Bulasa government grains stores in Birnin Kebbi alongside with Governor Idris the DG NEMA, Zubaida Umar said the gesture from the federal government was aimed at reducing poverty amongst the less privileged in Kebbi State.

Umar added that the grains would be distributed across the 21 local government areas of the state to the vulnerable persons in the grassroots.

Governor Nasir Idris while commending the federal government for the gesture said, the initiative underscored the government’s commitment in supporting those in need especially in this challenging time.

He said the gesture is an act of kindness and generosity of APC led-administration towards making a real difference by impacting the lives of those facing hardship and uncertainty in the state.

“I would like to express my heartfelt gratitude to the federal government under the able leadership of our dear President Asiwaju Bola Ahmed Tinubu for his swift response and unwavering commitment in providing relief to the most vulnerable members of our society,” he added.

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NNPCL Committed To Nasarawa Oil, Gas Initiative – Kyari

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Nigerian National Petroleum Company Limited (NNPCL) has said it is committed to partnering with the Nasarawa State government in the area of oil and gas development.

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The group managing director of NNPCL, Engr. Mele Kyari, who disclosed this during the second day of the Nasarawa Investment Summit yesterday in Lafia, said Nasarawa is blessed with substantial natural gas reserves.

Represented by the executive vice president (Gas and Power), Olalekan Oguleye, the NNPC boss said the state has the potential to power industrialization that would drive economic growth to improve the lives of its citizens.

He noted that the company is more than willing for further collaboration that will unlock the full potential of the state’s natural resources for the benefit of the state and the country at large.

Kyari appreciated the bold steps the state government has taken towards building its economy in the area of solid mineral and energy.

He said the state has become a home not just for mineral resources but also for agriculture and energy.

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Court Disbands Cross River Cocoa Allocation Taskforce

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A High Court sitting in Effraya, Etung local government area of Cross River State has granted a motion ex-parte disbanding the state Cocoa Allocation Surveillance Team from operating at the Government Cocoa Estate.

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The court restrained the team from harassing allottees of government cocoa farms in Etung local government area of the state.

The order came five days after the Bassey Otu administration issued a statement suspending the activities of surveillance team at the cocoa estate in the state.

The court headed by Justice Amajama Eneji, after the proceedings yesterday, adjourned the matter for augment on May 23, 2024 after a counter affidavit to the motion on notice and statement of defence was filed by counsel to Cross River State government, Barr. Woda Ogar.

In a brief interview with journalists at the court premises at Effraya, counsel to Cross River State government, Wada Ogar, said, “I just came today to find out that there were 27 others recently filed.

“The ex-parte application was all taken today and had been variously adjourned to May 23, 2024 for hearing of the motion on notice. But what I came here for were suit no. HA/16, 17 and 18, 2024 which have been served on me and I have filed my responses.

“Well, it is the allegation of the claimants that some hooligans are taking over the plots over which we are in court, harassing the people and all that.

“That is why in the first place, they brought an application ex-parte to restrain those people and then they alleged that, surveillance committee set up by government was being used to perpetrate illegalities, because of that, the court made another ex-parte which had gone viral” Woda said.

Meanwhile, counsel for the claimants, Mba Ukweni (SAN), averred that he and his clients (claimants ) came to court to take a motion for interlocutory injunction to restraint government and its agents, her appointees from interfering with allottees of government cocoa farms.

“So, we were served with their counter affidavit yesterday but, my learned friend for the defendant was gracious enough to bring to the attention of the court that from which ever perspective whether the government was not aware of the pendency of the matter made by the court which they have or from other sources for other reason decided that they should disband the taskforce which my colleague brought to the attention of the court.

“We had to leverage on it and said if the government itself have now discovered that the activities of the members of the taskforce and the people they are using to harass people in the estate is illegal, the court should give a stamp of legal authority to that and restrain them.

“So, the court agreed with both of us and has made the order which is as good as an interlocutory injunction. it is an order of court restraining them so, the status quo remain parties have to continue with what they are doing.

“The people who had been allotted estate cocoa farm have to continue with the allocation because that is the status quo.

“As at January, they have already been led into possession so, they have to be in possession and do their work. It doesn’t have to be disturbed; work does not have to be disturbed by any person at all,” he said.

When asked to explain what would happen in the eventuality of disregarding the court order, Ukweni said, “If they disrespect the court order, the law is not limited in what to do, they will be sanctioned.”

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