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FULL LIST: 63 items exempted from VAT under new fiscal reforms by Tinubu

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The Federal Government has announced the exemption of 63 items from Value-Added Tax (VAT), as part of its latest fiscal reforms.

This was revealed by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, via a post on X (formerly Twitter) on Friday.

The exemptions are outlined in the official ‘Value Added Tax (Modification) Order, 2024,’ dated September 3, 2024.

The announcement follows the recent introduction of fiscal concessions aimed at revitalising Nigeria’s oil and gas sector, as disclosed by the Finance Minister and Coordinating Minister of the Economy, Wale Edun.

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The two key incentives unveiled include the VAT modification order and tax reliefs for deep offshore oil and gas production, as per the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024.

Additionally, the official gazette specifies that the provisions concerning Automotive Gas Oil (AGO) are retroactive, taking effect from October 1, 2023.

Earlier, our heritage reporter reported that President Bola Tinubu may bar revenue-generating agencies from collecting revenues on behalf of the Federal Government as he plans to introduce a single agency—the Nigeria Revenue Service—to handle the task.

This came as the Federal Government instituted a comprehensive set of fresh tax reforms aimed at significantly boosting revenue collection.

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In September 2024, FEC approved economic stabilisation bills and proposed 10 changes to spur economic growth.

Here is a full list of the items exempted from VAT:
CNG/LPG Dual Fuel Vehicles
Dedicated LPG Vehicles and CNG/LPG Dual Fuel Vehicles
Parts, and semi-knocked down units (for assembly) of CNG and LPG buses.
Parts, and semi-knocked down units (for assembly) of Electric Vehicle
Electric Vehicles
Electric Vehicles Battery
Electric Vehicles Charging System
Electric Vehicle Solar Charging System
LPG/CNG Conversion Kits
CNG Cylinders
CNG Cascades
CNG Dispensers
Gas Generators
CNG Trucks (Bobtails and Bridgers; fixed axle and semi-trailers
Steel Pipes
Steel Valves & Fittings
SS Tubes & Fittings
Storage Tanks (all sizes)
Regulators
CNG Pumps and Compressors (all types)
Steel
Pressure Relief Valves
Hydraulic press/Rolling machine
Heat Treatment Equipment
Liquid Level Guage
Pumping Housing and Motors
Regulator Body
Pressure Guage
Truck Chassis
Metering and Measuring Equipment (including weighbridges, and filling scales)
Dispensing equipment (dispensing scales, nozzles, gas filling systems)
Safety Features (emergency shutoff valves, pressure relief valves, excess flow valves, breakaway couplings, quick release couplings)
Gas water heaters
Gas burners for industry
Gas boilers
Gas washing machines and dryers (launderettes) Household or laundry-type washing machines, including machines which both wash and dry.
CNG, LPG and Cyrogenic Hoses Tubes, pipes and hoses, and fittings thereof (for example, joints, elbows, flanges) of plastics.
CNG truck heads
Gas Leak Detectors
Gas air conditioners
Cylinder refurbishment equipment
Blending skid/unit
Odourizing unit
Chromatography unit (GC)
LNG Liquefying Equipment, Heat Exchangers, LNG Vapourizers, Regasification
Plant, Liquefied CNG Compression Terminals
LNG Plant, Machinery, Pumps, Compressors, Filters (Including Gas Filters),
Weighing Machines, Valves Equipment
Cyrogenic Storage Tanks, Liquefied CNG Conversion tanks
Pipes, Piping Fittings, and Flanges used for Liquefied Natural Gas processing
Electrical Equipment, including Cables for Liquefied Natural Gas processing
Steel Plates, Angles, and Bars for Liquefied Natural Gas Processing
LNG Related Chemicals
Biogas Digester
Biogas Compressor
De-sulphurization units
Dryer
Distillation columns for processing biofuels
Bio-ethanol refinery equipment
Fermentation Tanks
Biofuel-related Chemicals, Enzymes and Reagents
Liquefied Petroleum Gas
Compressed Natural Gas
Feed Gas
Automotive gas oil

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Hon Nnamchi Grants 500 Youths Scholarships To Universities

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Five hundred youths drawn from various communities in Enugu East/Isi Uzo Federal Constituency of Enugu State have benefited from Hon. Professor Paul Sunday Nnamchi’s scholarship scheme.

The scholarship scheme was instituted by the Federal lawmaker who represents Enugu East/Isi Uzo Federal Constituency in the House of Representatives to cater for indigent constituents in the constituency.

The beneficiaries who are currently on admission in various universities across the country are pursuing the following disciplines; microbiology, biochemistry, human physiology, and human anatomy.

Others are studying mass Communication, Business Education, Education Chemistry, Industrial Chemistry Computer Science and Civil Engineering among others.

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Their school fees amounting to millions of naira have already been paid by Professor Nnamchi for the current academic session not withstanding the challenges some of them had encountered in their performances.

The scholarship scheme was in fulfillment of Rep Nnamchi’s campaign promises of empowering of the youths of Enugu East/Isi Uzo Federal Constituency.

The scholarship according to him was to help those desiring to study at the tertiary levels but lacked the wherewithal to further their education after secondary schools.

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Trump’s declasification of JFK, MLK assassination files opens window into US most shocking crimes

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By Kayode Sanni-Arewa

A trove of long-classified government documents concerning some of the most politically charged killings in modern American history — including the assassination of former President John F. Kennedy — could finally be made available to the public.

But that’s just the start of the latest saga surrounding the killings, which have sparked fascination, conspiracy theories, and history-changing debate for decades.

President Donald Trump signed an executive order Thursday aimed at declassifying government documents related to the assassinations of former President John F. Kennedy, his brother and presidential candidate Robert F. Kennedy, and civil rights icon Martin Luther King Jr. The order essentially requires the nation’s security organizations to create plans to release the records.

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The full findings of the government investigations into the three killings have been hidden for decades, sparking wide-ranging speculation and preventing a sense of closure for many Americans. All three men were national and international icons whose assassinations — and the theories swirling around them — became the stuff of books, movies, controversy, and the pages of history itself.

“A lot of people were waiting for this . . . for years, for decades,” said Trump in signing the release of the documents. “Everything will be revealed.”

JFK assassination, Nov. 22, 1963
The shock of President John F. Kennedy’s assassination in 1963 still echoes more than half a century later.

Kennedy, known for both his glamour and steering the country through the closest it ever came to nuclear war, was assassinated in Dallas, Texas. He was shot and killed as his presidential motorcade brought him along a downtown city street and as he waved to adoring bystanders from the open-roofed car.

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Police arrested Lee Harvey Oswald less than an hour later. But Oswald himself was killed on live TV just two days later as police were transferring him to a county jail.

Oswald’s killer, Jack Ruby, acted alone on an impulse, the President’s Commission on the Assassination of President Kennedy, known as the Warren Commission, concluded. The commission ruled that Oswald also acted alone.

The JFK assassination sent the nation into mourning and shook it to its core, as Americans searched for answers. Hundreds of books have been written and documentaries produced, with bits and pieces of information emerging to this day.

Many regard the commission’s work as a government-orchestrated coverup and doubts have been raised over who killed John F. Kennedy have persisted. Conspiracy theorists lay the blame on everyone from Cuba – at the heart of the nuclear missile crisis – to the CIA itself.

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The wide-ranging theories over Kennedy’s death – how many shooters were involved, how many bullets – became so ingrained in popular culture that they made it onto the comedy series Seinfeld.

MLK assassinated in Memphis, April 4, 1968
King, whose work furthering the Civil Rights Movement is honored with a federal holiday, was killed on the balcony outside his motel room in Memphis, Tennessee.

The Atlanta preacher was visiting the city to march alongside striking workers. On the evening of the assassination, he was preparing to leave for dinner at the home of a local minister.

He stepped outside to speak with colleagues in the parking lot below and was shot in the face by an assassin. James Earl Ray, a 40-year-old escaped fugitive, later confessed to the crime and was sentenced to a 99-year prison term.

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But Ray later tried to withdraw his confession and said he was set up by a man named Raoul. He maintained until his death in 1998 that he did not kill King.

A Memphis tavern owner and a former FBI agent both also claimed a figure named Raoul was behind the killing, according to the Department of Justice.

Loyd Jowers, a former Memphis tavern owner, claimed 25 years after the murder that he participated in a mafia-linked conspiracy to kill King. Jowers also linked Memphis police and Raoul to the assassination, the Justice Department said.

Donald Wilson, a former FBI agent, also claimed in 1998 that after King’s assassination he found some papers in Ray’s car that mentioned Raoul as well as figures linked to the Kennedy assassination.

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Wilson said the papers were stolen from him by someone who later worked in the White House, according to the Justice Department.

RFK killed in Los Angeles on June 5, 1968
Robert F. Kennedy never achieved the political heights of his older brother. But he was no less a beloved figure for his championing of civil rights.

He served as his brother’s attorney general and as a senator. He was killed in Los Angeles where he had gone for the California Democratic primary, just months after declaring his presidential candidacy.

The younger Kennedy spent the evening of the election at a suite at the Ambassador Hotel awaiting election results. He eventually went down to a hotel ballroom to thank supporters, then went through the hotel kitchen after being told it was a shortcut to a press room.

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An assassin, Sirhan Sirhan, killed him as he shook hands with a hotel busboy. Sirhan remains in prison.

But some believe the same elements behind the older Kennedy’s assassination also killed the former senator.

The presidential candidate’s son Robert F. Kennedy Jr., Trump’s pick to run the Department of Health and Human Services, has long maintained that Sirhan didn’t even shoot his father. The Trump cabinet pick believes Sirhan missed and that instead his dad was shot by a man linked to the CIA.

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Nigerian military silences 25 bandit gang members

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By Kayode Sanni-Arewa

Nigerian troops have silenced at least 25 members of the gang led by notorious terrorist Bello Turji, the military said Wednesday.

Turji’s second-in-command Aminu Kanawa and about eight other commanders were killed as troops raided terrorist camps in the northwestern states of Sokoto and Zamfara from Monday to Tuesday, Edward Buba, the spokesman for the Nigerian military told a press briefing.

Buba said “the camp of Turji is in disarray” following the killing of Kanawa and dozens of others.

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“The death of Turji’s second-in-command, close allies, commanders, and combatants was a significant blow to the terrorists’ network in the northwestern part of Nigeria, as well as their fighting capabilities,” Buba said, noting this group of terrorists was responsible for numerous kidnappings and terrorist attacks across the region.

“Overall, troops are not relenting until these terrorists are destroyed,” said Buba.

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