Presidential Gas Initiative Waives Import Duties to Boost Nigeria’s CNG and LPG Economy

Businesses and households in Nigeria may soon see significant cost savings in gas-related products.

The waiver, which extends to equipment used for Compressed Natural Gas, CNG, and Liquefied Petroleum Gas, LPG, and other infrastructure critical to expanding Nigeria’s gas economy, comes under the Presidential Gas for Growth Initiative.

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For businesses involved in the gas value chain, the exemption eliminates significant financial barriers. Importers of machinery and components required for the processing, storage, and distribution of CNG and LPG no longer need to worry about hefty import duties, which have often contributed to high operational costs.