Federal government suspends diesel VAT for six months

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Diesel prices plummet to N978 per liter just weeks ahead of christmas
Diesel prices plummet to N978 per liter just weeks ahead of christmas

The federal government has declared a one-month exemption of the value-added tax (VAT) on diesel.

This decision stems from negotiations held between the federal government and the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) during a four-hour meeting at the State House on Sunday.