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Just in; FG to remove VAT on essential commodities
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The Federal Government has introduced a new bill aimed at exempting various essential products and services from Value Added Tax (VAT).
This part of the government’s initiative to alleviate the financial burden on Nigerians.
The proposed legislation, titled “A Bill for an Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks relating to Taxation and Enact the Nigeria Tax Act to Provide for Taxation of Income, Transactions and Instruments, and Related Matters,” was dated October 4, 2024.
Included in the VAT exemption list are baby products and locally manufactured sanitary towels, pads, and tampons, making these items more accessible to the public.
The bill specified that the exemption will also cover military hardware, arms, ammunition, and uniforms supplied to the armed forces and security agencies.
Additionally, shared passenger road transport services will be exempt from VAT to help reduce transportation costs. In the agricultural sector, VAT relief will apply to the purchase, hire, or lease of equipment like tractors and ploughs used for agricultural purposes.
However, agricultural individuals must first pay the VAT and later request a refund from tax authorities.
The bill also addressed diplomatic and educational activities, exempting goods and services supplied to diplomatic missions and non-profit educational performances from VAT.
Other exempted items include government licenses, land or buildings, and financial instruments, with supplies consumed in export processing or free trade zones also excluded from VAT for approved activities.
It is important to note that VAT will only be levied on these exempted items if the Minister publishes an order in the Official Gazette specifying a date for the tax’s reimposition.
This provision allows the government to adjust these exemptions as necessary in the future.
The items proposed for exemption from Value Added Tax (VAT) in the Federal Government’s new bill include:
1. Baby products
2. Locally manufactured sanitary towels
3. Pads
4. Tampons
5. Military hardware
6. Arms
7. Ammunition
8. Locally manufactured uniforms supplied to armed forces and paramilitary agencies
9. Shared passenger road transport services
10. Equipment for agricultural purposes (e.g., tractors, ploughs)
11. Goods or services supplied to diplomatic missions and diplomats (for non-profit activities)
12. Plays and performances conducted by educational institutions
13. Government licenses
14. Land or buildings
15. Financial instruments (money or securities, including interests in these instruments)
16. Supplies consumed within export processing or free trade zones for approved activities.
President Bola Tinubu has reiterated his administration determined to replicate the infrastructural stride being recorded in the Federal Capital Territory (FCT) in every part of the country.
Tinubu made the promise in Abuja on Tuesday, while inaugurating the newly constructed Transitway N2, from Central Business District to Wuse District, with two bridges by the Federal Capital Territory Administration (FCTA).
The president, who was represented by the Senate President, Senator Godswill Akpabio, said that the move would ensure every part of the country is developed with roads, bridges, railways, and more.
This, according to him, will ensure that no region is left behind in the quest for a more developed and secured Nigeria.
Tinubu said that the Transitway project symbolised progress and a reflection of his administration’s Renewed Hope Agenda, committed to building infrastructure that serves the people, unlocks economic potentials, and supports sustainable growth and development.
“This infrastructure is a very important piece of the FCT’s Master Plan, designed to ease traffic flow, enhance connectivity, and improve urban mobility for millions of commuters, residents, and businesses alike in the territory.
“For years, traveling between Wuse and the Central Area meant navigating bottlenecks, losing productive man-hours, and enduring frustrating traffic gridlocks. Today, all that has changed.
“By cutting down travel times and bridging these two major districts, we are opening up new commercial corridors,” he said.
The president commended the FCT Minister, Mr Nyesom Wike, for the ongoing transformation of FCT in line with the Abuja Master Plan.
“You have contributed to something larger than a roadway; you have contributed to the future of our capital city and therefore given pride to Nigeria,” Tinubu said.
In his remarks, Wike described the Transitway as a critical road corridor that seamlessly connects Wuse with the Central Business District.
The minister attributed the successes being recorded in the delivery of infrastructure in FCT to the overwhelming support of Tinubu, particularly the removal of the Administration from the Treasury Single Account.
The minister said that on July 17, the last day of the projects’ inauguration, he would present what Tinubu had done for the people of the FCT and for Nigerians in the last three years.
“There are so many things Mr president has done that we have not made public so that Nigerians will know why we must continue to pray and support him,” he said.
He assured FCT residents that all roads that were not on the Google map would be captured to enable residents to navigate through the city with ease.
On her part, FCT Minister of State, Dr Mariya Mahmoud said that the newly completed corridor was a strategic investment in connectivity, economic growth and urban efficiency.
Mahmoud added that the road corridor also represents another fulfilled promise in the FCTA’s resolve to build a modern and inclusive capital city.
Earlier, Mr Richard Dauda, acting Executive Secretary, Federal Capital Development Authority, said that the project, the first major realisation of the construction of Transitways in Abuja city was awarded in October 2025.
Dauda described the Transitway as a mixed traffic corridor designed to carry both vehicular and rail traffic through the city, and particularly connecting the sector centers.
“The corridor is designed to support integrated mass transit infrastructure, including light rail in the median and dual carriage roads on each side of the rail to inter-modal terminals at intervals.
“It is part of the larger mass transit system, which aims to connect the city center with other districts and satellite towns through the inner and outer transit loops,” he said.
He added that the Transitway in the Abuja Master Plan was designed as a continuous transport corridor that radiates from the transportation centres, located in the Central Area, runs through districts like Garki and Wuse in Phase I of the city.
He said that the corridor also runs through the four phases of the city, dissecting sector centres on both the northern and southern development corridors forming a loop.
“In full development, the northern flank of the Transitway covers almost 52 kilometres (km) and the southern flank covers almost 64 km,” he added.
President Tinubu To Commission Transit Way N2 from Central Business District to Wuse District With Two Bridges Today
#ProjectsFCT2026
#FCT31DaysCommissioning
The presidential candidate of the African Democratic Congress ADC, former Vice President Atiku Abubakar has facilitated with Kwara ADC guber candidate Hon Zakari Mohammed as he clocks 56.
In a congratulatory message he e:signed Atiku said: “On behalf of my family, I extend my warmest congratulations to my younger brother and compatriot, Rt. Hon. Zakari Mohammed, the ADC Governorship Candidate for Kwara State, as he marks his 56th birthday.
“Today, we celebrate a distinguished patriot whose life has been defined by service, courage, competence, and an unwavering commitment to the progress of Kwara State and Nigeria.
“Your record as a two-term member of the House of Representatives, where you also served with distinction as the Spokesman of the 7th Assembly, reflects your deep understanding of democratic governance and legislative excellence.
“Your impactful service as Commissioner for Sports and Youth Development, Commissioner for Energy, Special Assistant on Sports, and Sole Administrator of Kwara United Football Club further demonstrates your capacity to deliver results wherever duty calls.
“Beyond politics, you have built an admirable career as a broadcaster, journalist, criminologist, and defence and security expert. Your attainment of a PhD in Defence and Strategic Studies from the Nigerian Defence Academy is a testament to your dedication to knowledge, leadership, and national development.
“As you continue your journey of service, I pray that Almighty Allah grants you sound health, greater wisdom, renewed strength, and many more years of impactful leadership.
” May He guide your steps and bless your aspiration to lead Kwara State into a new era of justice, prosperity, security, and inclusive development.
I have no doubt that your experience, integrity, and passion for the welfare of the people will continue to inspire hope and confidence among Kwarans and Nigerians. -AA
Photos: We’ll replicate FCT’s infrastructural strides in every part of Nigeria – Tinubu
DAY 20 of Projects Commissioning in the FCT:See aireal view of transit way N2(Photos)
Atiku celebrates Kwara ADC guber candidate Zakari Mohammed at 56
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