Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Nigeria: Tax and customs incentives for gas sector

The Federal Ministry of Finance released a circular setting out various tax and customs incentives for the gas sector.

February 8, 2024

The Federal Ministry of Finance released a circular entitled “Fiscal Incentives for the Presidential Gas Growth Initiative” setting out various tax and customs incentives for the gas sector—effective from the date of the circular’s issuance:

  • Import duty waiver for equipment relating to compressed natural gas (CNG) and liquefied petroleum gas (LPG)
  • Zero-rated value added tax (VAT) for feed gas for all processed gas; CNG and related equipment components, conversion, and installation services; imported LPG and LPG equipment components, conversion, and installation services; all equipment and infrastructure related to the expansion of CNG, LPG, and the Presidential CNG initiative, including conversion kits
  • Withdrawal of certain debit notes issued to petroleum marketers who import LPG

KPMG observation

Concerns remain regarding the legality and the effective date of the circular, given that fiscal rules are generally within the ambit of the legislative authority and must be published in the official gazette to take effect.

Read a February 2024 report [PDF 1.3 MB] prepared by the KPMG member firm in Nigeria

    Thank you!

    Thank you for contacting KPMG. We will respond to you as soon as possible.

    Contact KPMG

    Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

    By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

    An error occurred. Please contact customer support.

    Job seekers

    Visit our careers section or search our jobs database.

    Submit RFP

    Use the RFP submission form to detail the services KPMG can help assist you with.

    Office locations

    International hotline

    You can confidentially report concerns to the KPMG International hotline

    Press contacts

    Do you need to speak with our Press Office? Here's how to get in touch.

    Headline