Nigeria's Ministry of Finance issued Circular F. 17981/T/39 on 7 December 2023 concerning the "Fiscal Incentives for the Presidential Gas Growth Initiative". The circular confirms that the importation of equipment related to compressed natural gas and liquified petroleum gas in the Nigerian market attracts a 0% import duty rate. For this purpose, a list of eligible equipment is provided in an appendix to the circular. Further, the circular provides that the Federal Inland Revenue Service (FIRS) and the National Customs Service (NCS) have been directed to apply a 0% VAT rate on the following: Feed Gas for all processed gas...