Remove VAT On Diesel To Halt Price Hike, MAN Appeals To FG
July 11, 2022
3:05 am
As the cost of production in the country continues to skyrocket, the Manufacturers Association of Nigeria (MAN) has called on the federal government to remove the value-added tax (VAT) on diesel as an instant stimulus for an immediate price reduction.
This appeal was made by Segun Ajayi-Kadir who is the director-general of MAN, in a statement yesterday.
The association also urged the federal government to avert the total shutdown of production operations, adding that industries were being converted to warehouses of imported goods and event centres.
‘MAN is greatly concerned about the implications of the over 200 per cent …
