REPS DIRECT RIVERS SOLE ADMINISTRATOR TO REPORT TO NATIONAL ASSEMBLY. (PHOTO).

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 Reps Direct Rivers Sole Administrator to Report to National Assembly The Speaker of the House of Representatives, Tajudeen Abbas, has instructed Vice Admiral Ibok-Ete Ibas (retd.), the Sole Administrator of Rivers State, to report directly to the National Assembly in managing the state’s affairs, in line with the 1999 Constitution (as amended). The directive was issued on Tuesday during the inauguration of a 21-member House Ad-Hoc Committee on Rivers State in Abuja. The committee’s formation follows President Bola Tinubu’s declaration of a six-month state of emergency in Rivers State on March 18, 2025, prompted by a political crisis between Governor Siminalayi Fubara and the State House of Assembly. Tinubu suspended both the governor and the assembly, appointing Ibas as Sole Administrator—a decision ratified by both chambers of the National Assembly. Speaker Abbas emphasized that Ibas’s role is temporary, focused on maintaining law and order until democratic governance is restored...
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NIGERIAN CUSTOMS TO START CHARGING VAT ON DIESEL IMPORTS.(PHOTO).

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Nigerian Customs To Start Charging VAT On Diesel Imports

The Federal Inland Revenue Service (FIRS) has issued a letter to diesel suppliers in Nigeria, informing them that they are now required to pay value-added tax (VAT) on imported diesel.

The VAT Modification Order 2021 exempts certain petroleum products from VAT, but diesel falls outside the exempted category and is subject to VAT.

Diesel suppliers have expressed concerns over the new directive, stating that it will increase their business costs, affect profit margins, and have a negative impact on customers, inflation, and the overall economy.

The Federal Inland Revenue Service (FIRS) has issued a letter to diesel suppliers in Nigeria, informing them that they are required to pay value-added tax (VAT) on automobile gas oil (AGO) or diesel imported into the country.

The letter was forwarded by the Assistant Comptroller-General of Tariff and Trade, MBA Musa IN, on behalf of the Deputy Comptroller-General of Tariff and Trade to diesel suppliers.

Nairametrics obtained a copy of the letter, which was dated June 8th, 2023, and addressed to diesel suppliers. It cited an FIRS letter dated 31st May 2023.


 

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