• Federal Government May Introduce Tax on Petroleum Products

    Federal Government May Introduce Tax on Petroleum Products

    The Federal Government has been advised to consider collecting taxes on petroleum products which is a goldmine for generating funds.

    The Petroleum Products Pricing Regulatory Agency (PPPRA) says that taxation of petroleum products like fuel, diesel, kerosene and gas holds a huge revenue potential for Nigeria.

    This is contained in a report PPRA made available to the Ministry of Finance and obtained by newsmen at the conclusion of the two-day National Revenue Retreat in Kano.

    According to Reports, PPPRA says the introduction of […]