The Nigerian Gas Association has called for an immediate and critical review of the Petroleum Industry Act to address impediments hindering investment and ease of doing business.
Nwokedi described the PIA’s enactment in 2021 as a welcome development that provides regulatory clarity for the petroleum sector and specific provisions for the gas industry. “NGA, therefore, advocates the removal of the value-added tax on autogas equipment and transactions to further stimulate activities in the sector.”
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